A Commitment of 10 Billion Yuan! Jiangsu Bank Suzhou Branch Joins Hands with GCL to Pioneer Zero-carbon




With a strong commitment to “Dual Carbon” and a firm determination for green development, GCL seeks partnership with Jiangsu Bank Suzhou Branch to create zero-carbon synergy and contribute positively to the 20th National Congress of the Communist Party of China. On February 8, Jiang Xuezhong, Secretary of the Party Committee and President of Jiangsu Bank Suzhou Branch, makes a special visit to GCL Group and shakes hands with Zhu Gongshan, Chairman of GCL Group for a strong commitment to continue close cooperation into the future.


The two partners have reached consensus on in-depth cooperation in high-tech industry financing, credit, supply chain financing and other fields, and signed a comprehensive strategic cooperation agreement, according to which, GCL Group is granted a 10-billion-yuan credit line and promised other service support from Jiangsu Bank Suzhou Branch.


During the meeting, Zhu Gongshan has briefed GCL’s “Alpha Seeking” in its key R&D projects and production adjustments. Over the course of the last three years, GCL has tactically been focusing on its key areas, accelerating technology innovations, optimizing its business structure, enhancing efficiency and has made successful portfolio adjustments. Jiangsu Bank and other financial institutions have given timely support during GCL’s striving and adjustment. For GCL, Jiangsu Bank is a friend in need and a friend indeed. Today, the country's "Dual Carbon" theme has opened a new vista for the alternative energy field, and also created great potentiality for the development of financial derivatives. The two partners hope that they can strengthen strategic cooperation, follow a win-win principle and pursue long-term sustainable growth in GCL’s specialty industries such as energy materials and mobile energy.


Jiang Xuezhong says that the close cooperation between Jiangsu Bank and GCL Group can be traced back a long time ago. A mutual trust has been built, and a common mission and the same vision are shared. Relying on technological innovation, GCL has inversed the trilemma situation of China's photovoltaic industry under the leadership of Chairman Zhu Gongshan and made positive contributions to the country's green development. Today, China’s “Dual Carbon” goals bode well for GCL’s thriving. And Jiangsu Bank, with its solid foothold in Jiangsu and its business covering the three major economic circles of the Yangtze River Delta, the Pearl River Delta and the Bohai Rim, has always been committed to the growing together of banks and enterprises. Jiangsu Bank is resolved to provide comprehensive financial services to GCL Group for the realization of China’s latest “Dual Carbon” goals.


Wang Jun (Party Committee Member and Vice President of Jiangsu Bank Suzhou Branch), Yu Tao (Party Committee Member and Vice President of Jiangsu Bank Suzhou Branch), Zhu Jian, (Party Committee Member and Assistant to President of Jiangsu Bank Suzhou Branch), Sun Wei (Vice Chairman of GCL Group), Hu Xiaoyan (CEO of GCL Group) and other leaders have also attended the above meeting.