Favorable Policies: Financial Policies Benefit A Number Of Key Textile And Clothing Enterprises

　　 In 2021, the Export Import Bank of China (hereinafter referred to as the "Exim Bank") signed a strategic cooperation agreement with the Ministry of industry and information technology, focusing on key enterprises and projects in the field of industry and information technology, strengthening the coordination and linkage of industrial policies and financial policies, helping the development of advanced manufacturing industry and promoting the transformation and upgrading of traditional industries. Over the past year, it has created a good development environment for a number of textile and garment enterprises.

In 2021, the export import bank will continue to increase credit funds, promote the growth of a large number of textile and garment manufacturing enterprises, and help the high-quality development of China's manufacturing industry. By the end of 2021, the balance of credit business in the manufacturing industry of the export import bank exceeded 1.50 trillion yuan, and the balance of medium and long-term loans in the manufacturing industry and the balance of credit loans in the manufacturing industry maintained a rapid growth. In 2021, the export import bank will continue to increase its support for advanced manufacturing industry and further promote the innovation driven development of the real economy. It has provided policy based financial services for more than 200 "intelligent manufacturing benchmarking enterprises" and "single champion manufacturing enterprises".

In 2021, the Export Import Bank of China has invested 1.9 billion yuan for an intelligent manufacturing benchmarking enterprise in Zhejiang Province. It supports enterprises to adopt advanced PTA (purified terephthalic acid) production process, greatly reduce greenhouse gas, sewage and solid waste emissions, promote the plant to realize 5g information transformation and upgrading, and help the enterprise become the representative of "intelligent transformation" of chemical fiber industry, Its 5g intelligent application won the first prize in the "blooming Cup" 5g application competition.

Guided by the promotion of high-end, green and brand production of enterprises, the export import bank has actively implemented the guidance on strengthening the integration of production and promoting the green development of industry by taking various key lists issued by the Ministry of industry and information technology as the starting point, and supported the transformation of traditional industries from scale and speed to quality and efficiency.

In 2021, the Export Import Bank of China (EXIMBANK) supported a key textile and clothing brand enterprise in Jiangsu Province with a total of 2.3 billion yuan, which promoted the continuous transformation and upgrading of the main clothing industry of the enterprise, with increasingly stable market position and increasing brand influence, ranking the top of China's textile and garment brand value list at that time. In 2021, the export import bank also provided 200 million yuan of financial support to a certain enterprise in Shandong Province that met the requirements of the printing and dyeing industry, so as to enhance the competitiveness of the enterprise and promote the transformation of the traditional "big dyeing house" into a modern advanced manufacturing enterprise.

(source: China Textile News)