Yiwu Federation join hands with ICBC boost private enterprises to upgrade

Yiwu City Federation of Industry and the ICBC bank yiwu branch signed a strategic cooperation agreement on July 25 to establish a comprehensive and stable relations of cooperation to jointly boost private enterprise restructuring and upgrading. The ICBC Yiwu Branch and Federation member companies signed credit, provided the amount of financing by three billion yuan.
Enterprise development is inseparable from the Bank, the development of yiwu bank is also inseparable from the enterprise. Federation of strategic cooperation with ICBC is actively break the bottleneck of financing measures to promote private economic development, it is an important measure. The branch bank has been to service the private economy, to support private enterprise as the basic line of policy strategy and legislation, to optimize the organization, expand financing channels, simplifying the loan process, innovative financial products, to achieve “state-owned banking private enterprise,” the turn. Currently the branch to invest in private enterprises reached 9.48 billion yuan of loans.