The National Cotton Trading Market Launched The "E Cotton Link" Network Financing Business.
China's cotton market and China
build
The launching ceremony of the "e cotton Tong" network financing business jointly organized by the Beijing branch of the bank recently was held in Baoding, Hebei.
The "e cotton link" network financing business is the national cotton exchange market and the China Construction Bank Beijing branch. It is based on the Bank of China Construction Bank's Internet bank, based on the cotton trading market supervision system and network of the national cotton trading market, with the cotton warehouse receipt pledge as the core, providing the whole country's cotton trading market dealers financing the whole process online operation.
business
Way.
The launch of "e cotton link" network financing business mode has effectively realized the three streams of information flow, logistics and capital flow, and has created a brand new e-commerce service platform for cotton related SMEs. It will effectively solve the financing problem that is widespread in SMEs involving cotton, and will bring profound changes to the financing mode of China's cotton industry.
Up to now, 6 cotton companies have successfully obtained more than 200 million yuan credit line, and have realized the first 5 million yuan online lending.
The national cotton trading market was established in 1998 by the State Council. It is a national cotton spot trading platform with government background. After years of development, cotton trading, capital and logistics have been established.
supervise
The information service is an integrated service platform, with more than 3100 dealers. The customer group covers cotton upstream and downstream cotton related enterprises such as cotton purchasing processing, domestic and international trade, cotton textile processing and so on. The third party regulatory network and system covering the whole country has been built, which has extensive influence in the cotton industry.
The launch of the "e cotton link" network financing business can give full play to China's Construction Bank's capital advantage, network advantage and the brand advantage, customer advantage, resource advantage and platform advantage of the cotton trading market in the cotton trade market. It will make greater contributions to serving the "three rural issues" and promoting the healthy development of the SMEs involved in the cotton industry.
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