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5.2 billion! Wake up 400000 acres of "sleeping" bamboo forest
Er San Li Information

Published on the official account of the client in Ersanli, Shaanxi at 19:38:39 on March 9, 2023

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According to Huzhou:

400000 acres of bamboo forest! 5.2 billion credit limit!

Recently, the first loan for the "Anji Bamboo Industry Transformation and Upgrading Carbon Sink Capacity Enhancement Project" was launched, awakening the resources that have been dormant for many years.

Anji County, known as the "hometown of bamboo in China", is rich in bamboo forest resources and carbon storage, with an area of 870000 mu of moso bamboo forest. In recent years, due to factors such as rising local labor costs and insufficient infrastructure, some bamboo forests have been poorly managed and even abandoned or degraded

Anji County immediately launched the "Anji Bamboo Industry Transformation and Upgrading Carbon Sink Capacity Improvement Project" with Liangshan Ecological Resource Asset Management Co., Ltd. as the main body. By unifying the circulation of 400000 acres of bamboo forest resources, we carried out ecological precision improvement and intensive management measures such as efficient bamboo forest management and promotion of sink, mixed bamboo and broad-leaved forest transformation and cultivation, degraded bamboo forest restoration and sink protection, and sustainable bamboo forest management and stable sink, achieving carbon sink growth, ecological protection Multiple goals such as rural revitalization.

The effective transformation between "green water and green mountains" and "golden mountains and silver mountains" cannot be separated from the important bridge of green finance.

"After learning the first-hand information about the upcoming project, our branch quickly established a special working group and cooperated with ICBC Huzhou Branch and CCB Huzhou Bank to form a consortium," said Zhou Liang, head of green finance Business Department of Bank of China Huzhou Branch.

However, in the process of multiple exchanges and promotions, they encountered a problem - the management rights of these forest lands could not be mortgaged externally. That is to say, by traditional standards, the guarantee conditions are insufficient.

What if we turn our gaze to the 'future'?

Bamboo is a rare resource for promoting sustainable development and a continuous source of green wealth. Based on research results such as the Methodology of Bamboo Forest Management Carbon Sink Project and professional data estimation, the carbon storage of bamboo forest vegetation in Anji exceeds 1.34 million tons! The prospects for bamboo forest management and carbon sequestration and foreign exchange enhancement of bamboo products are broad.

It seems feasible!

So we have clarified the closed-loop management plan, with the operating rights income and carbon sink trading income generated from the transfer of forest rights as the core repayment sources. Through measures such as bamboo forest carbon sink pledge and the introduction of parent company guarantee, we have increased the credit of the project financing, and ultimately successfully achieved the approval of a total of 5.2 billion yuan syndicated loan. Moreover, seeing the value of bamboo forest, the villagers have become more enthusiastic about protecting the ecology, "Zhou Liang said.

Driven by the characteristic green finance pilot working mechanism, the branch actively explored and tried first. On February 28, the first 1.4 billion yuan forestry carbon sequestration project loan was successfully launched, which also opened the exploration of Bank of China Huzhou Branch in the "forestry carbon sequestration" industry from scratch, and opened a new path to help effectively transform the value of ecological products.

It is reported that as the first head office level green finance pilot branch in the Bank of China system, as of February, the balance of green credit in Huzhou Branch of the Bank of China has exceeded 15 billion, accounting for more than 30% of green credit, and won the first batch of head office level green finance demonstration institutions, etc., which has created a high-quality sustainable development road with distinctive regional characteristics.