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

2010/7/15 18:04:00 30

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By reviewing the trading status and credit power of children's footwear industry chain, based on China's

Children's shoes

The trust of the industry chain 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.

Fujian

The footwear association of the provincial footwear industry association won the 130 million credit line of Minsheng Bank, which will benefit more than 60 companies.

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:

Fujian

Footwear Industry Association

Children's shoes

Xie Jiasheng, Secretary General of the sub committee, said that the main objects of the industrial chain financing are agents and distributors, loans from agents and distributors, factory guarantees, loans used for two major purposes, such as channel construction for agents and distributors, and payment of arrears by manufacturers.

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, on the one hand, is conducive to solving the problem of capital turnover of enterprises, and maximizes the amount of funds owned by local enterprises, so as to create more cash flow for enterprises and enhance capital mobility, which is of great significance to the survival and development of children's shoes enterprises.

On the other hand, it can also solve the worries behind the expansion of agents' channels.