On October 30, NAFMII signed three-party memorandum of cooperation with the People’s Government of Anhui Province and PBC Hefei Central Sub-branch in Hefei. Zhan Xilai, Vice Governor of the People’s Government of Anhui Province, attended the ceremony and delivered a speech. The memorandum was signed by Shi Wenchao, Secretary-General of NAFMII, Liu Weijian, Head of PBC Hefei Central Sub-branch, and Zhou Jianchun, Director of Financial Work Office of Anhui Government.

NAFMII signs Memorandum of Cooperation with Anhui Government and PBC Hefei Central Sub-branch

Since its foundation, NAFMII has worked closely with the Anhui Government and PBC Hefei Central Sub-branch, and made great efforts to enhance the timeliness and effectiveness of the interbank market in serving the economy of Anhui Province. By the end of September 2012, 45 enterprises from Anhui Province had issued 110 debt financing instruments of different kinds raising RMB112.24 billion, with an outstanding volume of RMB 73.9 billion. In contrast, the balance of debt financing instruments was only RMB 7.4 billion at the end of 2009. Within three years, the market scale has expanded 10 times, achieving an average annual growth rate of more than 300%. The issuers come from Anhui’s key industries with unique advantages, such as manufacturing, chemical industry, energy, tourism and culture.