Yiwu Small And Medium Sized Enterprises Mortgage Loans For Raw Materials

Recently, Miss Luo, the head of a knitting enterprise in Yiwu, came to the Yiwu industrial and commercial bureau to handle the cancellation of chattel mortgage and the registration of new chattel mortgage.

Miss Luo said that many enterprises like her in Yiwu have suffered from financial constraints and financing difficulties because of the impact of the international financial turmoil.

The implementation of chattel mortgage policy has brought vitality to those enterprises that are currently in the "anemia" state.

Yiwu city industry and Commerce Bureau official said, in order to help enterprises overcome difficulties, this year, the business sector in the chattel mortgage registration, the introduction of more humane and more efficient services.

First, the scope of the mortgages is relaxed, and the materials such as raw materials are first included in the scope of the mortgaged material.

The second is to simplify procedures, which require 5 working days to complete registration procedures.

From the beginning of December 2007 to the end of November 2008, the business sector of Yiwu has registered 49 chattels mortgage for enterprises, an increase of 75% over the previous year, and the total value of mortgages is more than 910 million yuan, which is expected to finance more than 500 million yuan for enterprises.

This year's chattel mortgage registration also presents many new features.

In the past few years, foreign banks such as Hangzhou and Shanghai appeared in the list of banks accepting mortgage loans, and the first time there was a phenomenon of enterprises' mortgage to enterprises.

Yang Jing: editor in charge