China Bank 1 billion yuan emergency loan provide Yushu

April 18 Evening News The National Development Bank today to Qinghai Yushu earthquake disaster area to provide 1 billion yuan emergency loans, this is Yushu earthquake disaster after the first earthquake disaster relief special loan.　　The Bank of China opened a special "green channel" for earthquake relief loans, the emergency loan from the application to the approval of only two days, will be dedicated to the disaster areas of roads, water supply, electricity, communications and other infrastructure rehabilitation, disaster-stricken mass resettlement, medical and other relief facilities, and the next post-disaster reconstruction. On the day of the earthquake, the National Development Bank party secretary and Chairman Chen Yuan, who was cooperating with the high visit abroad, immediately called for the whole line to start the emergency work mechanism, according to the central unified deployment, and actively supported the Yushu earthquake relief.　　State party Committee Deputy Secretary, President Jiang held a video conference on the active earthquake relief work for the special deployment, set up by Chen Yuan as the leader of the earthquake disaster Relief Emergency Management team, immediately start the corresponding work mechanism, mobilize the full force to do a good job in earthquake relief.　　National Bank of the relevant departments and Qinghai branch in accordance with the headquarters of the party's unified arrangement, closely follow the situation of the disaster area, fully cooperate with the Qinghai provincial government and Yushu state earthquake relief financing needs, the fastest speed to implement emergency loans. It is understood that the emergency loan is a state-run activities to respond to natural disasters, the provision of special financial services, the first time to provide interest rate concessions financing support to help the disaster areas to restore life production. This service has played an important role in disaster relief, such as the Wenchuan earthquake, the frozen snow disaster in the south, and drought in southwest China this year. At present, the National Bank has assisted 333 cities in the country, 2,860 counties have prepared contingency plans, set up a 24-hour duty contact system, to ensure timely start-up of emergency loans, to maximize the response to all areas to meet the financing needs of various disasters.