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    Fujian Children'S Shoes Branch Gets 130 Million Bank Credit Limit

    2010/7/14 13:56:00 46

    Credit Limit

    July 14th, through the review of child shoe industry chain pactions and

    credit

    Strength is based on Chinese children's shoes.

    industry chain

    Trust in the development prospects, recently, the Fujian Footwear Industry Association Children's shoes Association and China Minsheng Bank Quanzhou branch put forward the "industrial chain financing plan" for children's shoes industry channel expansion problem, and formally reached a cooperation agreement.

    The shoe Association of Fujian footwear industry association won the 130 million credit line of Minsheng Bank. This financing will benefit more than 60 enterprises.


    It is reported that this is the most trusted industry in the domestic children's products industry. The Chinese children's shoes industry has attracted the attention of all sectors of the society due to its rapid development momentum.

    According to the Secretary General of the children's shoes, Xie Jia said that many children's shoes enterprises expressed strong interest in the scheme. At present, 2 or 3 enterprises are discussing cooperation.


    In the past, many enterprises owed debts may exist in a single way, and they had to wait for the agreed time before they could be converted into cash; and the introduction of industrial chain financing, because of the intervention of banks, could immediately be converted into cash. Although enterprises might have to pay more interest at a fixed rate, the enterprises had saved the waiting time due to timely cash flow, thus winning the chance of survival and continuous production.


    Expert opinion:


    Xie Jiasheng, Secretary General of the shoes Association of Fujian footwear industry association, said that the main objects of the industry chain financing are agents and distributors, loans from agents and dealers, factory guarantees, loans used for the two major purposes of agents and distributors, such as channel construction and payment of manufacturers' arrears.

    Industrial chain financing can be closely related to shoe material suppliers upstream of the industrial chain, while strengthening links with downstream dealers and even end retailers. After linking, industrial clusters will increase the overall core competitiveness and enhance the ability to resist external economic fluctuation risks.


    Chen Shuqing, managing director of the China children's products research center, general manager of new Liuhe marketing planning Co., Ltd., said that enterprises often face such an awkward situation. The delay in payment of agents' payment causes enterprises to run normally because of shortage of funds.

    The introduction of this industry chain financing is conducive to solving the problem of capital turnover and maximizing site activity.

    enterprise

    It is of great significance for the survival and development of children's shoes enterprises to create more cash flow and enhance capital mobility for their own capital.

    On the other hand, it can be solved.

    Agent

    The worry behind the expansion of the channel is two birds with one stone.

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