Not long ago, Mr. Lu, who was engaged in the textile industry in Lanxi City, finally got his wish. He received 10 million yuan of liquidity funds* from the CCB Lanxi Branch and 20 million yuan of other ** products such as acceptance **, thus filling the company’s purchase of raw materials, etc. The funding gap at the link and the production technology upgrade plan that had been stagnant before could also be successfully implemented.
The textile industry is a key feature industry in Lanxi City. Over the years, many textile companies have made great contributions to the local economic development. Last September, Lanxi Textile Industry was recognized by the provincial government as a "demonstration zone for the transformation and upgrading of blocky economy to modern industrial clusters." In November of the same year, it was awarded the title of "China Textile Industry Base City" by the China Textile Industry Association. However, due to the current economic and financial situation, many small and medium-sized textile companies have experienced difficulties in varying degrees. In particular, it is more difficult for new customers to obtain more urgently needed funds from banks.
In the face of this situation, CCB Lanxi Branch positively reflected the local economic characteristics of Lanxi. Through its efforts, the CCB head office gave Lanxi “differentiated credit policy for cotton, chemical fiber textile processing industry†in April last year, giving priority to Lanxi’s high-quality textile enterprises. Credit support. CCB Lanxi Branch judges whether a company can be included in support from the aspects of its production technology, asset-liability ratio, and past credibility.
Through this policy, the bank’s credit support for local high-quality textile companies has further increased. Since last year, the bank has invested 360 million yuan in new credit into the local textile industry, benefiting a total of 44 textile enterprises, including 9 large and medium-sized ones. CCB Lanxi Branch stated that they will continue to implement regional differentiated credit policies, support the rise of the local textile industry in the transformation and upgrading, and win more room for survival and development for the company.
The textile industry is a key feature industry in Lanxi City. Over the years, many textile companies have made great contributions to the local economic development. Last September, Lanxi Textile Industry was recognized by the provincial government as a "demonstration zone for the transformation and upgrading of blocky economy to modern industrial clusters." In November of the same year, it was awarded the title of "China Textile Industry Base City" by the China Textile Industry Association. However, due to the current economic and financial situation, many small and medium-sized textile companies have experienced difficulties in varying degrees. In particular, it is more difficult for new customers to obtain more urgently needed funds from banks.
In the face of this situation, CCB Lanxi Branch positively reflected the local economic characteristics of Lanxi. Through its efforts, the CCB head office gave Lanxi “differentiated credit policy for cotton, chemical fiber textile processing industry†in April last year, giving priority to Lanxi’s high-quality textile enterprises. Credit support. CCB Lanxi Branch judges whether a company can be included in support from the aspects of its production technology, asset-liability ratio, and past credibility.
Through this policy, the bank’s credit support for local high-quality textile companies has further increased. Since last year, the bank has invested 360 million yuan in new credit into the local textile industry, benefiting a total of 44 textile enterprises, including 9 large and medium-sized ones. CCB Lanxi Branch stated that they will continue to implement regional differentiated credit policies, support the rise of the local textile industry in the transformation and upgrading, and win more room for survival and development for the company.
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