BEIJING, June 1 (Xinhua) -- China's Industrial Bank has arranged 30 billion yuan worth of special loans to further enhance its support for manufacturing industry, reported the Xinhua-run cnstock.com last Friday.
Industrial Bank has encouraged its branches to offer more medium and long-term loans to advanced manufacturing enterprises, in a bid to help lower their financing costs.
Viewing from regions, Industrial Bank will focus on key areas including Beijing-Tianjin-Hebei region, Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta to provide differentiated products and professional services for the manufacturing enterprises there.
Meanwhile, Industrial Bank will mainly provide credit support for the fields of 5G, ultra high voltage (UHV), integrated circuits, rail transportation, aerospace equipment, formulate targeted service plans, increase credit lines for advanced manufacturing, optimize credit structure in a bid to further improve its financial services. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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