China Construction Bank Corp (CCB)<601939><939>, one of the country's Big Four state-owned commercial banks, signed a memorandum of understanding with the Chongqing Municipal Government on Sunday to provide the latter RMB 208 billion worth of loan in three years to support the city's development, the Shanghai Securities News reported.

The RMB 208 billion in financial support will go to such areas as infrastructure, the industrial development in the Three Gorges reservoir area, key investment projects, small and medium-sized enterprises (SMEs) and agriculture-related sectors.

In addition, the CCB Chongqing branch inked strategic cooperation agreements with eight major local clients including Chongqing Health Bureau and Chongqing Expressway Development Co Ltd, etc. The total credit line amounted to RMB 78 billion.