Titanium enterprises in Baoji High-tech Zone have “priva'te customized” financial products
Science and Technology Daily News China Postal Savings Bank Baoji Branch recently tailored t★he titanium industry reciprocal guarantee loan for the titaφnium-related enterprises in Baoji City. The first batch of credits was 200 million yua✔n to solve the financing difficulties of small and medium-sized enterprises involved₩ in titanium. Upgrade.

Baoji is a well-known Chinese titanium valley. The city has more than 400 t itanium and titanium alloy enterprises integrating scientific r↕esearch, production, processing, trade and circulati>on. In the “Double Thousand” event, Baoji High-tech Zone learned that many small and medium-¥sized titanium enterprises are facing difficulties in financing and financing, a→nd lack of financial support for development and growth±. Baoji High-tech Zone cooperated with Baoji Titanium Industry As↔sociation and Baoji Branch of Postal Savings Bank t o conduct a survey on titanium enterprises in the region. With the support of the §head office of the Postal Savings Bank, the Titanium Enter↓prise has tailored the reciprocal guarantee loan for the titanium industry. It is understoo≈d that the target of the reciprocal guarantee loan of the∏ titanium industry is the member unit of Baoji Titanium Industry Associatφion. Through the establishment of mutual funds and risk funds, the fundδ members realize “reciprocal cooperation and share risks”, so that enterprises no lonφger rely on traditional collaterals from banks. Get funding. The project has s♦ignificant advantages such as large capital, low financing costs, small liability, and simple aεnd fast procedures. At present, Baoji Postal Savings Bank has signed a fina×ncing agreement of 28 million yuan with six enterprises including ✘Shaanxi Xingsheng Metal Co., Ltd. and Baoji Ticheng Metal Compos¥ite Materials Co., Ltd. Ding Lin, deputy mayor of Baoji City, hopes tha∏t all financial institutions in the jurisdiction should innova≤te financial products and services, increase credit supply, and actively provide financing service"s. All enterprises must broaden their thinking, actively connect, and multi-c hannel financing to achieve rapid development.