Lanxi: Financial activity moisturizes textiles and weaves dreams into the future

Lanxi: Financial activity moisturizes textiles and weaves dreams into the future

The textile industry is Lanxi’s traditional advantage and pillar industry, accounting for one-third of Lanxi City’s industrial economy. In recent years, Lanxi has been making a fuss about the transformation and upgrading of the textile industry, and has proposed to make every effort to build a “typical industrial city in the new era”, implement “intelligent manufacturing and establish a city”, and create an “intelligent city”. Weaving demonstration site” and a series of goals. To achieve these goals, financial support is essential. In the new year, Lanxi will implement a financial drip irrigation project to provide financial services for the transformation and upgrading of textile enterprises by strengthening financing docking, increasing government credit, and optimizing digital on-lending, helping Lanxi’s economic growth QualityDevelopment. As of now, the loan balance of Lanxi Textile Enterprises has reached 7.773 billion yuan, a year-on-year increase of 17.92%, maintaining three consecutive years of growth.

Financing matching loans drive enterprise transformation. Lanxi City issued the “Guiding Opinions of Lanxi City Financial Institutions on Supporting the Transformation and Upgrading of the Textile Industry” to actively promote the credit granting campaign, guide financial institutions to innovate financial products such as loom loans, continue to increase credit support for the textile industry, and focus on digital transformation projects, Smart factory. For example, Zhejiang Yuxin Textile Co., Ltd., a long-established textile enterprise, has launched an industrial upgrading and has successively built projects with an annual output of 15,000 tons of pure cotton combed compact yarn. Due to the large investment in the project, the company encountered difficulties in capital turnover. After understanding the situation, Lanxi Rural Commercial Bank quickly contacted and provided credit support of 9.6 million yuan. Since the project was put into operation, the company’s daily output has reached more than 45 tons, and its operating efficiency has been significantly improved. As of now, textile enterprise loans account for 30.92% of manufacturing loans.

The government increases credit and expands financing channels. Lanxi City has revised and improved the “Policy Financing Guarantee Implementation Plan”, actively promoted actions to improve financial services, expanded access conditions for industrial enterprises, focused on supporting textile industryintelligent manufacturing pilot enterprises, and reduced Guarantee fees. For example, the Lanxi Small and Medium Enterprises Guarantee Company provides a 5 million guarantee for Zhejiang Jinzhao Textile Co., Ltd., an intelligent manufacturing pilot enterprise. The company will purchase 40 looms this year for newintelligent /font>Production line. Up to now, Lanxi Small and Medium Enterprises Guarantee Company has guaranteed 107 million yuan for 27 textile companies.