At China - ASEAN Mining Cooperation Forum 2011 that concluded not long ago, the reporter has learnt that China Development Bank(CDB) Guangxi Branch signed “MOU of Development Finance” with Guangxi Non-ferrous Metals Group. According to the agreement,during the “Twelfth Five Year Plan” period,CDB Guangxi Branch will provide Guangxi Non-ferrous Metals Group with RMB 6 billion,so as to support continuous and rapid development of Guangxi Non-ferrous Metals Group and forge a non-ferrous metals conglomerate.

According to the agreement between China Development Bank (CDB) Guangxi Branch and Guangxi Non-ferrous Metals Group, CDB Guangxi Branch will give full play to the advantages of large-scale fund, long time limit,stable source of fund, high credit rating and complete business lines based on national macroeconomic policy, industrial policy and regional development policy, carry out financial product innovation, strongly support business development strategy of Guangxi Non-ferrous Metals Group by offering various long-term and steady financial supports and all-round financial services.

Such services include providing the project of Guangxi Non-ferrous Metals Group with necessary financial services such as consulting and planning, etc.; acting as financial consultant of Guangxi Non-ferrous Metals Group and providing the group with consulting and financing planning services in terms of development strategic plan, M&A and restructuring, bonds, design of investment and financing plan as well as syndicated loans, etc., so as to assist Guangxi Non-ferrous Metals Group in guarding against and dissolving financial risks, enhancing overall and global competitive strength.

As a large enterprise with 27 affiliates and asset size of nearly RMB 20 billion, Guangxi Non-ferrous Metals Group engages in operation of state-owned assets and non-ferrous metals resource development and the potential value of its new mineral resources has reached up to RMB 300 billion. The group will give priority to recommending key projects within its business scope to CDB Guangxi Branch,and assist the latter in carrying out development reserve during early phase of the project;support CDB Guangxi Branch to underwrite the group’s bonds, offer other financial services such as financial leasing, M&A and restructuring and investment banking, etc.