The major industries in the Ningxia Inland Opening-up Pilot Economic Zone will get more financing support from the State Development Bank, according to a newly issued document.

The State Development Bank will increase loan volume, offer more financing and issue a series of preferential financial policies for major projects in the pilot zone, said Zhao Yaozhong, manager of the State Development Bank’s Ningxia Branch.

Loans in RMB and foreign exchanges in various forms at the Ningxia Branch of the State Development Bank reached 61.25 billion yuan (US$ 9.85 billion) by the end of 2012, accounting for 18 percent of the total regional volume. It plays a significant role in supporting Ningxia’s economic and social development.