In response to the intensive nature of industrial enterprises in the jurisdiction it serves, the Jinchang Hexibao Branch of the Bank of Gansu has written a major article on “inclusive finance”, providing accurate and efficient financial services to more than 50 enterprises in recent years.

Text: Wang Jing, Zhao Zonghong, Wu Yonglong

Staff at the Jinchang Hexibao Branch of the Bank of Gansu (left) provide meticulous and thoughtful services to loan processing companies Photo by Bank of Gansu Jinchang Hexibao Branch

In response to the intensive nature of industrial enterprises in the jurisdiction it serves, the Jinchang Hexibao Branch of the Bank of Gansu has written a major article on “inclusive finance”, providing accurate and efficient financial services to more than 50 enterprises in recent years. As of the end of April this year, the bank's balance of inclusive small and micro loans was 170 million yuan, an increase of 31.41 million yuan over the beginning of the year, and an increase of 32.48 million yuan over the previous year.

Gansu Xinlianxin Modern Agricultural Technology Co., Ltd. is an enterprise engaged in R&D, production and sales of high-efficiency compound fertilizers such as compound fertilizer, water-soluble fertilizer, and liquid fertilizer. In the process of unblocking product sales channels, the shortage of procurement capital from downstream dealers has always plagued the sustainable development of the enterprise.

“Since none of the fertilizer dealers are in Jinchang City, the financing problem has not been solved for a long time.” Chen Tao, the financial director of the company, said that after learning about this situation, the Jinchang Hexibao branch of the Bank of Gansu adopted the “company+fertilizer dealer” model and successfully invested a total of 30.3 million yuan in “fertilizer distribution loans” to 15 dealers downstream of the enterprise, adding financial impetus to the company's development.

At the beginning of this year, in the face of favorable orders far exceeding previous years, Gansu Shikefeng Ecological Technology Co., Ltd., located in the Hexibao Chemical Circular Economy Industrial Park, decided to expand production, but at a critical juncture, it was unable to arrange production due to insufficient working capital.

After learning about the situation, the Jinchang Hexibao branch of the Bank of Gansu learned about the situation, the business team cooperated efficiently, worked in parallel, and worked overtime to sort out the reported loan credit data, and finally successfully issued a working capital loan of 20 million yuan to the enterprise.

“Great. I applied on the first day, and the loan was paid on the next day.” Speaking about the services of the Jinchang Hexibao Branch of the Bank of Gansu, Liu Hanming, chairman of Gansu Shikefeng Ecological Technology Co., Ltd., gave a thumbs up. He said that this capital paid off, solved the company's urgent needs and fueled the sustainable development of the industry.

A loan issued by the Jinchang Hexibao branch of the Bank of Gansu is like a warm current of shares, injecting strong impetus into the development and growth of the enterprise.

According to reports, the Jinchang Hexibao branch of the Bank of Gansu has effectively strengthened financial services for small and micro enterprises through house-to-house visits to map out small and micro enterprise customers in the industrial park and accurately connect them in batches. At the same time, we actively market customers in the park's core enterprises, continuously strengthen the company's business marketing efforts, actively market the park's enterprise distribution business, and vigorously promote credit products such as housing, public loans, bank acceptance notes, domestic factoring, and guarantees.

Source: Phoenix News Gansu