Lishui Municipal Bureau of Culture, Radio, Film, Tourism and Sports held a strategic cooperation signing ceremony with Lishui branch of the Agricultural Bank of China (ABC) on March 23.

According to the agreement, ABC Lishui branch will provide 10 billion yuan ($1.41 billion) of intentional credit lines in the next five years to promote the high-quality development of Lishui's culture, tourism and sports industries.

The agreement aims to accelerate the transformation, upgrading and innovative development of the culture, tourism and sports industries, provide them with financial support during the COVID-19 epidemic, and help enterprises in those sectors to resume production and projects.

The two sides will make full use of their respective advantages in platform resources, carry out cooperation in county tourism development and construction, rural tourism, characteristic town construction, integrated tourism and other fields, and jointly promote the city's investment and financing system in culture, tourism and sports industries.

At the signing ceremony, three companies signed cooperation agreements with ABC county branches in Suichang, Yunhe and Longquan. ABC will provide 2.5 billion yuan of intentional credit lines to the three companies in the next five years to fully support their growth and development.