On March 27, the "Early Spring Initiative" and "Project Financing Express" event was held to promote financial support for high-quality economic development in Laohekou City, Xiangyang. Ten financial institutions entered into credit agreements with relevant local entities and enterprises in Laohekou, with the total credit line reaching 23.6 billion yuan. The event was attended by Xu Jinghua, Vice Mayor of Xiangyang City.

Despite facing multiple challenges in 2025, the banking sector in Laohekou maintained a loan balance of 36.965 billion yuan, providing strong backing for the real economy. The local government has enhanced coordination and guidance by establishing a new model integrating "united front work, finance, and private enterprises," along with a local financial coordination mechanism to channel funds, projects, and services to the grassroots level.

In efforts to strengthen economic foundations, financing support was aligned with the "Five Key Areas," resulting in the issuance of 298 million yuan in intellectual property value credit loans, 478 million yuan in commercial value credit loans, and 34 million yuan in agricultural credit value loans throughout 2025.

The event served as a platform for direct communication among the government, banks, and enterprises, facilitating early alignment, implementation, and effectiveness of funding supply and demand. It is expected to inject strong momentum into Laohekou’s efforts to achieve a successful start to the 15th Five-Year Plan period, establish itself as a sub-central city of Xiangyang, and become a model city for high-quality development in the Han River basin.