Smoke shop "Bearing Capital" industrial cluster favored by banks

Located in the Yanlu Town of Linqing City, Shandong Province, it is the famous “bearing capital” in the country. It has 1,128 bearing processing companies and produces more than 2 billion sets of bearings each year, accounting for nearly 40% of the national output. One of them, in recent years has been rated as the country's 21 key professional markets, Shandong Province, the top 10 industrial products trading market, Shandong Province, the top ten industrial clusters.

At present, Linqing ABC Tobacco Store Branch Office has a full-scale payment system. Non-cash business accounts for 68% of the counter business; Linqing Rural Credit Co., Ltd. strives to create a “clear project” for payment settlement, and the cattle in the town Natural villages such as Zhangzhai have launched a financial self-service terminal project for farmers, enabling the majority of industry households to “save and withdraw funds from home and outside the factory and enjoy the “zero distance” financial services; Qilu Bank Linqing Branch actively promotes “ The “One-Card Cartoon” business has now installed 39 POS machines, successfully transacted 25,000 pens, amounted to RMB 68.90 million, which provided great convenience for the owners and customers.

"The smoke shop bearing industrial cluster can develop to the scale of today, thanks to the strong support of the city's financial institutions." During the interview, Wang Xiaohua, member of the standing committee of the Linqing Municipal Party Committee and deputy mayor, told reporters with deep feelings.

A good financial and ecological environment has allowed the smoke shop bearing industry to be favored by various banks. It is understood that the Yandian Town bearing industry has been identified as the three major clusters supported by the Construction Bank of Shandong Province. The Agricultural Bank of China has been identified as the “National Top 100 Key Supporting Markets” and has attracted 12 joint-equity banks such as Huaxia Bank and Qilu Bank. "Frontier layout." In 2009 and 2010, the "China Bearing Industry High-level Forum" was held in two consecutive cigarette shops, making this Luxi town further focus on the eyes of the nation's bearing industry, with more than 70 well-known bearings such as Ha-axis, tile shafts, and Luo shafts. The group has settled in the town.

Intensify policy support to create a good development environment "As a grassroots central bank, we have always paid attention to and supported the development of smoke shop bearing industrial clusters." Wu Jinzhong, party secretary and president of the Liaocheng City Center Branch, said. The reporter learned that the Bank actively assisted the Linqing Municipal Government in 2008 to issue the “Opinions on the Implementation of the Project of Breeding of 20 Key Bearing Enterprises” to clearly support the loans of 20 major enterprises such as Camry Bearing, Tianyuan Bearing and Tongli Bearing. To implement the loan preferential interest rate, the maximum lending rate of the loan shall not exceed 30% of the benchmark interest rate in principle, and the benchmark interest rate shall be applied to particularly good enterprises. A rating management method suitable for small and medium-sized enterprises in smoke shops was developed, and 187 bearing companies were credited for cultivation, of which 154 were Grade A credit enterprises. At the same time, in order to promote the effective linking of credit policies and industrial policies, the Liaocheng Center Branch of the People's Bank of China has set up a multi-party cooperation platform for bank and enterprise cooperation with the Linqing Municipal Government to hold 14 bank-business seminars, and it has organized a total of 1.32 billion yuan in contracts with banks.

Promoting financial product innovation To enrich corporate financing methods Hengxiang Bearing Co., Ltd. successfully secured a 1.5 million yuan working capital loan from Yandian Credit Cooperative under the guarantee of Yandian Tongxin Guarantee Co., Ltd. “Thanks to the Xin-guarantee company, we have solved the urgent need for our production and operation!” said Zhang Lixiang, the person in charge of the company.

In order to ease the problem of bearing companies' guarantee, the Liaocheng Center Sub-branch has taken active actions to assist Linqing Yandian Town Government to set up a town-level guarantee agency—Linqing Yandian Tongxin Guarantee Co., Ltd., and Linqing City, which specializes in service bearing industrial clusters. Shengxiang Guarantee Investment Company. Since the establishment of the two guarantee companies, there have been 32 guarantees for 15 private enterprises, amounting to 31.7 million yuan.

At the same time, according to the characteristics of the production and operation of enterprises in the cluster, financial institutions actively carry out business innovation and strive to expand the financing channels of enterprises. For example, Liaocheng Branch of Huaxia Bank is the first to launch a “financing and win-win chain” business. When the company’s inventory is large and it urgently needs funds, it can use the goods as collateral to apply for a pledge loan. The bank hires professional agencies to supervise the goods. During the pledge period, new goods are added and the original pledged goods can be sold without affecting the normal flow of products. This method effectively solved the problem of small and medium-sized enterprises accounting for a lot of inventory pressure, and the traditional lack of capacity to pledge, and was generally welcomed. In 2010, the bank issued a total of 27 million yuan in financing and win-win chain loans. At present, various financial institutions have targeted dozens of credit product innovations for bearing companies, providing diversified options for corporate finance. In this regard, some bearing owners have lauded: "The bank really thinks of it. We don't have to worry about loans anymore."

Widening Payment and Clearing Channels Optimizing Financial Services Since 2008, the People's Bank of Liaocheng City Central Branch has taken a series of effective measures to promote modern payment and settlement tools in the town. The bank included Yandian Town as the first batch of model cities and towns for rural payment environment construction in the city, and supervised agricultural financial institutions under their jurisdiction to expand the system of large-foreign-value payments in rural areas and continuously increase the deployment of ATMs and POS machines in rural areas. Expand the use of modern settlement tools such as bank cards, telephone banking, and online banking. At the same time, it uses a variety of methods to promote payment and settlement knowledge, and strives to raise awareness of non-cash payments and settlements of local people. It also conducts business training for university graduate village officials who have been trained in cigarette industry bearing industrial clusters, and has trained 225 college student village officials in four batches.

"Now, many bearing manufacturers have installed terminal telephone POS machines. It is much more convenient for our foreign customers to purchase and swipe cards." Mr. Chen from Lianyungang, Jiangsu, is an old customer of the smoke shop bearing market. He is busy testing the goods while being excited. Talk to reporters. It is understood that the average daily trading volume of the cigarette shop bearing market is nearly 21 million yuan. In the past, due to the lag in the development of payment settlement tools, it once restricted the further growth of industrial clusters.