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China Construction Bank to Invest 3 Billion Yuan in Beijing University
China Construction Bank signed a full-scale cooperation agreement with Beijing University recently, which said that Construction Bank will offer a loan of 3 billion RMB to Beijing University. So far, Beijing University is the first single university that obtains such credit support.
It is known that Beijing University will make use of the loan to build numbers of student apartments, teacher residences, classrooms, offices and a scientific academy covering 0.8 m square meters in the near three to five years. Moreover, most of students from poor families will share the grants from the university authority ever since and the Bank will also provide staffs with various housing mortgage loans. At the same time, Beijing University can take advantage of the investing services of Construction Bank to make its enterprise finance on the wide capital markets at home and abroad.
With the rapid growth of education industrialization and the implementation of the strategy that developing China through science and education, the traditional situation of tertiary education cannot meet people's demands. Universities and colleges should not only depend on the grants from the government any longer. So, they have to turn their eyes to the broader market. According to sources, Beijing University has been searching for such developing direction in the past few years and the 3 billion loans this time is actually preparing it for standing as one of the first-class universities worldwide.
In recent years, China Construction Bank has always been engaged in expanding its financial service in universities and colleges and making every effort to support the growth of education industrialization by its abundant capital and various business activities. So far, it has offered great support to a great many of national key projects as Zhongguancun High-tech Zone and developed a series of financial services specially aiming to universities such as individual studying loans.
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