The Suzhou branch of the Industrial and Commercial Bank of China (ICBC) and the Zhangjiagang municipal government held a strategic cooperation signing ceremony on Feb 21, securing agreements for projects totaling 60.05 billion yuan ($8.26 billion). These projects span key areas such as technological innovation, advanced manufacturing, and rural vitalization.
An aerial view of Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]
Under the agreement, ICBC Suzhou will designate Zhangjiagang as a key strategic partner and priority development area, leveraging its comprehensive financial services to drive economic growth and enhance public services. The bank aims to strengthen financial support in key sectors through innovative services. Over the next five years, ICBC Suzhou plans to provide at least 150 billion yuan in financing support for Zhangjiagang.
Zhangjiagang has actively fostered collaboration among the government, banks, and enterprises in recent years. The city has facilitated over 180,000 corporate financing transactions, with total credit approvals exceeding 500 billion yuan, injecting continuous financial momentum into business development.