The Financing Mode Of Cotton Industry Has Changed Quietly.

For small and medium-sized enterprises involved in cotton,

"December is the peak season for cotton purchase, with large demand for capital.

I used to go to the bank almost every day at this time.

Lv Zhanhai, chairman of Baoding silver Xiang Cotton Industry Co., Ltd., told reporters that this year he tried to get the loan of 10 million yuan in a few minutes through the Internet financing service provided by CCB.

On the 23 day, China Construction Bank Beijing branch and the national cotton trading market officially launched the "e cotton link" network financing business in Baoding, Hebei.

The business is based on the national cotton market supervision system and network, and takes the cotton warehouse receipt pledge as the core, providing the whole country cotton trading market dealers financing operation of the whole process online operation.

Up to now, 6 cotton enterprises in Hebei, Tianjin and other places have successfully obtained more than 200 million yuan credit line.

"As a traditional industry, we started to wonder about the financing of the Internet, but we saw that the loan came to us after a few minutes. This kind of high efficiency and low cost is really good."

Lv Zhanhai introduced his company's registered capital of 30 million yuan, mainly to seed cotton, lint processing and marketing, the annual acquisition of processing forty thousand or fifty thousand tons of cotton, the annual demand for funds reached five hundred million or six hundred million yuan.

For small and medium-sized enterprises involved in cotton, capital flow means profit flow, but due to various rigid conditions, too high a threshold is formed, which makes banks unable to provide corresponding loan resources for them.

With the innovation and development of China's commercial banking business, the financing mode of China's cotton industry is also changing quietly, and the financing difficulties of small and medium sized cotton enterprises are gradually easing.

Shi Zhongyong, chairman of Baoding Hefeng Textile Co., Ltd., told reporters that as a small and medium-sized enterprise mainly engaged in cotton trade, the Internet has become an important tool for its customers.

"During the peak season of cotton purchase, the required funds can reach 60 million yuan. In accordance with the traditional way of application, I will first submit the paper application to the trading market, then pfer from the market to the bank, and the loan will be granted for three or four days, so it will be easy to miss the timing of the acquisition."

A few days ago, Shi Zhongyong tried to borrow 1 million yuan through "e cotton Tong", from less than 10 minutes from filling in the electronic application form to loan to account.

"The credit line is tight this year, and the amount of credit granted by the traditional way is limited, but the loan is instantly obtained through online loans, and the increase in the speed of money use means an increase in profits."

Tian Huiyu, director of retail business and Beijing branch, said that with the rapid development of Internet economy and e-commerce, more and more enterprises choose to do business through the Internet.

CCB sees its market and opportunities, and pioneered the "e loan" of Internet banking.

At present, China Construction Bank has launched the network "e loan" tens of billions of yuan in the whole country.

Wang Zhengwei, chairman of the national cotton exchange market, said that in recent years, the annual output of cotton in China has reached 7 million tons, more than 2000 cotton processing and processing enterprises above Designated Size, more than 5000 textile and cotton enterprises, 10 million tons of cotton per year, and the annual demand for cotton industrial chain is over 500 billion yuan, and the market space is very large.

In fact, the cooperation between CCB and the national cotton trading market is not only a huge demand for funds from the more than 3200 dealers, but also a comprehensive service platform that has been established in the paction market, including cotton trading, capital, logistics supervision and information.

"Through the rapid approval and lending of the network platform, small and medium-sized cotton enterprises can also enjoy the same treatment as large enterprises.

At the same time, banks can also grasp the actual situation of customers through platform information, reducing the cost and risk of credit business.

Tian Huiyu said that the launch of "e cotton link" has also improved the service platform, effectively realizing the three streams of information flow, logistics and capital flow.