ICBC Helps Nantong Textile Enterprises Borrow $400 Million To Cambodia To Grow Rice.

< p > "I went to our American company for inspection, and visited the local government departments. I did not expect that a few ministers from the New Jersey government came to greet us, and rewarded us with a large sum of US dollars".

Chang Liang, chairman of Jiangshan Pharmaceutical Co., Ltd., Jiangsu, is very proud to tell reporters about their successful "going out" experience.

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Less than P, the success of Jiangshan pharmaceutical's "going out" is the Jingjiang branch of ICBC, which is the great achievement of ICBC's internationalization in recent years.

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By the end of 2012, ICBC's international business has already crossed six continents, and the overseas network has expanded to 39 countries and regions. Overseas institutions have reached 383. Only half a year later, the ICBC's overseas institutions increased by 131. P

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< p > < strong > US $5 million leveraging $500 million sales volume < /strong > < /p >

Jiangshan Pharmaceutical Co., Ltd., located in Jingjiang, Jiangsu, is the world's largest vitamin C producer. Its annual production capacity is 20 thousand tons, and its products are exported by 90%, accounting for 22% of the world's market share.

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In 2009, Jiangshan pharmaceutical company acquired the equity and assets of INTERNATIONAL VITAMIN CORPORATIONGU 100% of the fourth major health care products companies in the United States for 80 million US dollars.

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The P IVC company has nearly 40 years of history. In New Jersey, the United States has 2 factories, employs more than 400 people, owns many private brands, and has more than 500 solid pharmaceutical products and soft capsules.

One factory mainly produces soft capsules, with an annual production capacity of 1 billion 800 million. It has been certified by the US FDA and has many OTC varieties.

Another factory mainly produces tablets, with an annual capacity of 4 billion 500 million, and has been certified by the US FDA. The main products are WAL-MART and other major supermarket chains in the United States.

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< p > May 2011, the Jingjiang branch of ICBC understands that the US IVC company of Jiangshan pharmaceutical company has a financing requirement of 5 million US dollars in working capital.

Facing the needs of enterprises, ICBC's provincial and municipal branches have three levels of linkage, coordinating and coordinating the resources of relevant branches of overseas branches, two branches and sub branches, giving full play to the overall advantages of ICBC group, and designing a financial service plan for the first time. The relevant information of Jiangshan company and IVC company was sent back to New York branch in time, and New York branch went to the IVC company's factory for on-site inspection.

After the internal and external linkage and internal and external institutions synchronize the process, IVC company's first financing $5 million was drawn on time at the end of May 2011, and the time from obtaining information to lending was only 15 days.

In 2011, -2012 provided $31 million 100 thousand in support for IVC of the United States in New York branch of ICBC, ICBC Asia and other overseas institutions, providing strong financial support for further development and expansion.

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The main business income of us IVC company in P > 2011 exceeded 200 million US dollars. In 2012, because of the great changes in the market competition pattern of similar products in the United States, the market share of IVC company increased significantly. The sales of new orders, such as supermarket chains such as WAL-MART, broke through 250 million US dollars in the year 2012, and realized profits of nearly 10 million US dollars. The sale of 500 million dollars in two to three years, and the acquisition of enterprises in an all-round way to achieve benign operation.

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< p > < strong > US $400 million loan helps Nantong < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > enterprise Kampuchea rice variety < /strong > /p >

< p > Jiangsu Lian FA group is a large enterprise integrating textile, printing and dyeing, garment making, industrial investment, thermoelectricity, industry and trade, and the first batch of innovative leading enterprises in Jiangsu. The group owns the only listed enterprise in Haian, "joint stock issue", which ranks the third in the national dyed weaving industry.

In recent years, Jiangsu Luen Fat Group has been through "going out" to set up subsidiaries in overseas Hongkong, the United States and Italy, and to purchase large garment factories in Kampuchea.

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< p > in 2012, the group conducted an inspection and demonstration of Kampuchea's agriculture, rice cultivation, rice processing, policy environment and economic environment.

About 12 thousand hectares of land will be leased in Bodhisattva City, Kampuchea Province, and investment will be made to build a modern agricultural project of rice processing industry chain with planting, processing and marketing.

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< p > the Haian branch of ICBC has obtained the investment information of the company, immediately collected and collated the data, organized the project investigation and demonstration, and linked up the provincial, municipal and county levels. At the same time, through the linkage with the Phnom Penh branch inside and outside Kampuchea, it understood the situation of Kampuchea's political economy, investment environment, land policy, financial and monetary policy, and carried out a full demonstration of the feasibility and guarantee measures of the project.

With the strong support of the provincial and municipal branch leaders and relevant departments, the bank has formulated a unified global credit financing plan for the project, which is a syndicate formed by the bank and the overseas Kampuchea branch to jointly issue 400 million dollars of overseas and domestic syndicated loans to the main body of overseas projects, which meets the requirements of long term loans, low interest rates and sufficient quota, and the enterprise is very satisfied.

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< p > < strong > US $10 million loan only 8 working days < /strong > /p >

P Pulos, client of Changzhou branch of ICBC, is a wholly foreign owned company controlled by overseas companies.

In June 15, 2012, the company raised the demand for $10 million in foreign loan business. Due to the urgent need for funds from overseas companies, the time required for overseas branch lending must be before June 27th.

There are a lot of investigations, examination and approval, and linking up between the domestic and foreign banking enterprises, which usually involve a lot of investigations, examination and approval. They usually need more than a month to make loans. If the Changzhou branch of ICBC takes the business, they will have only 8 working days left.

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< p > customer demand is the pursuit of ICBC.

ICBC Changzhou Branch International Department has undertaken this business.

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< p > on the one hand, the ICBC Changzhou Branch International Department is in contact with many overseas banks. On the other hand, it seeks the support of the Provincial Department of international affairs. Finally, ICBC Singapore Branch agrees to cooperate fully with this business and strive to lend before June 27th.

With the full support of the offshore bank, the International Department of ICBC Changzhou branch on Saturday began communication with Singapore on the preparation of internal loan guarantees, and the opening of overseas accounts, customer background surveys, credit reports and guarantee clauses were confirmed.

After 8 working days of intense work, the ICBC Singapore Branch issued a loan of 10 million dollars at 7 o'clock on the night of June 27th to the account opened by the customer in the Singapore Branch of ICBC and completed the business within the last time limit.

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Less than $5 million, the loan is only 15 days. The loan to 10 million dollars is only 8 working days. From a loan of only 5 million dollars to a sum of 400 million dollars, the service speed of ICBC is accelerating, and the service continues to grow.

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These international terms, such as P, internal and external linkage, global credit, external loan, external loan and outsourcing, have become more familiar with the spoken language of employees at ICBC.

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"P > business internationalization, network globalization, service integration, good products, good service, and internationalization of the ICBC are boosting more Jiangsu enterprises to" go out "and explore the international market.

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