China Southern Power Grid and China Construction Bank Renew Strategic Cooperation Agreement

On the afternoon of the 9th, China Southern Power Grid and China Construction Bank signed a strategic cooperation agreement in Guangzhou. Zhong Jun, general manager of China Southern Power Grid revealed that CCB will grant 80 billion yuan to China Southern Power Grid.

In his speech, China Construction Bank President Zhang Jianguo stated that China Southern Power Grid is a long-term strategic partner of China Construction Bank. Prior to this, the two sides launched comprehensive and in-depth cooperation in integrated financial business services. The results are significant and CCB will further provide China Southern Power Grid with comprehensive services. Specialized comprehensive financial services.

Zhong Jun, general manager of China Southern Power Grid, said that China Southern Power Grid has been working closely with CCB. The areas of cooperation include credit support, group account management, and debt management. The signing of the contract between the two sides will further realize the “12th Five-Year Plan” for China Southern Power Grid. "To lay a good foundation for the goal of building a smart, efficient, reliable, and green modern power grid."

It is understood that China Construction Bank and China Southern Power Grid have already had good cooperation in the midterm notes underwriting and cash management services. During the “Twelfth Five-Year Plan” period, CCB will provide financial guarantees for the construction, production and operation of assets and operation of China Southern Power Grid. China Southern Power Grid will select Construction Bank as one of the main contractors for financial services.