On September 11, Guangzhou Rural Commercial Bank Huadu Branch in Green Finance Reform and Innovation Pilot Zone moved to its new location at Poly International Finance Center and held a ceremony celebrating its opening for business and the signing of strategic cooperation agreement on green finance. The event was attended by Cai Jian, Party Chief and board chairperson of the Head Office of Guangzhou Rural Commercial Bank, Deng Xiaoyun, Deputy Party Chief and president the bank, leaders of the Huadu District Party Committee and District Government, and main responsible officials of relevant government departments.

Under the joint witness of the leaders of Huadu District and the head office of Guangzhou Rural Commercial Bank, a strategic cooperation agreement on green finance was signed by Huadu Branch with Guangzhou Zhidu Investment Holding Group Co., Ltd, Yuhu Cold Chain Logistics (Guangzhou) Co., Ltd., Hongli Zhihui Group Co., Ltd., and Guangdong Shiteng Smart Technology Co., Ltd. and other key enterprises to promote the development of cooperation with key green projects in the District to a deeper and broader level.

According to our sources, Guangzhou Rural Commercial Bank relied on the Guangzhou Green Finance Reform and Innovation Pilot Zone and upgraded in July 2022 its former Huadu Sub-branch to the branch in the Green Finance Reform and Innovation Pilot Zone. Since the upgrade, Huadu Branch has closely followed the strategic development plan of the head office, actively integrated itself into the big picture of high-quality development in the northern region of Guangzhou, never deviated from its main responsibilities and main business, and made every effort to serve the real economy. In August 2023, the Branch successfully launched the first "zero-carbon outlet" of the Bank. In June 2024, with the "Distributed PV" project driven by innovation, the Branch landed the first carbon emission reduction support loan, contributing its share towards the "dual carbon" goal. As of the end of July this year, Huadu Branch had achieved a total of 86.3 billion yuan in deposits and loans, including 5.351 billion yuan green credit, ranking third among peers in the District.

Deng Xiaoyun, President of the Head Office of Guangzhou Rural Commercial Bank, said that the Bank would continue to implement the Provincial Party Committee's “1310" specific deployment and the Municipal Party Committee's "1312" measures, focus on its main responsibilities and main businesses, adhere to task of supporting agriculture and small enterprises, properly complete the "five major articles" of finance, including that of green finance, and make every effort to promote innovation-driven development, so as to contribute to the vitality of the northern Guangdong-Hong Kong-Macao Greater Bay Area.

As the core area of a national green finance reform and innovation pilot zone, Huadu District is focused on doing a good job in green finance, and has actively played its role to lead and demonstrate. The District ranks first in the national evaluation for four consecutive times, contributing its share to help Guangzhou lead in the development of green finance in the country. Relevant leaders of the Huadu District Government expressed their hope that at the new historical starting point, Guangzhou Rural Commercial Bank Huadu Branch in the Green Finance Reform and Innovation Pilot Zone would comprehensively deepen reform and innovation, cultivate deeply the fertile soil of green finance, to help Huadu District continue to grow and expand new quality productivity, promote substantive breakthroughs in the implementation of green finance reform and innovation, help Guangzhou lead in the province in the field of "Hundred, Thousand, and Ten Thousand" project, and help bring into a new scene the joint promotion of high-quality economic development of Huadu.