Quanzhou: Supporting The Transformation And Upgrading Of Leading Enterprises And Promoting The Transformation And Upgrading Of Industrial Economy

Jinjiang Economic Development Zone in Andong Park, a yellow appearance of the new factory building is particularly eye-catching. This is the new factory of Fujian Fengzhu Textile Technology Co., Ltd., and various new intelligent printing and dyeing equipment in the plant area are gradually in place.

As a leading enterprise in Quanzhou textile industry, Fengzhu textile started the new factory expansion project in Andong Park in 2018 to meet the needs of urban planning and construction and improve the company's ecological environment level and overall operation level. It is understood that the project is the first three-star green industrial building project in China's textile industry, and is also a key technical transformation project in Fujian Province in 2020.

In July this year, Quanzhou branch of Industrial Bank of China successfully provided 260 million yuan of financial support through Fujian Technical Transformation Fund for Fengzhu textile's technical transformation and upgrading and project construction requirements, with an annual interest rate of only 3%. It is understood that this is also the largest new project in Fujian Province this year.

"Our factory has been in operation for more than 30 years, and the existing technology and equipment have been unable to fully meet the market demand. It is a trend for the company to transform to intelligent." The relevant person in charge of Fengzhu textile said, "the strong financial support of Industrial Bank has greatly saved our financial costs and promoted the rapid transformation to intelligent and green modern dyeing and finishing enterprises." It is understood that after the project is put into operation, the company's capacity bottleneck will be solved, the production and sales volume will be greatly increased, and the production will be increased without pollution.

As a dual center of private economy and traditional manufacturing industry in Fujian Province, Quanzhou has developed industrial economy. The cooperation project with Fengzhu Textile Co., Ltd. is only a microcosm of industrial economic transformation and upgrading of Quanzhou City by Quanzhou branch of Industrial Bank.

In March 2019, among the 2.2 billion euro Hong Kong syndicated loans arranged by Anta Group, a leading sports brand from Quanzhou to the world, Industrial Bank ranked first among 21 participating banks with a share of 299 million euro. In August this year, as one of the main underwriters of Anta Sports' 3-year 1 billion Yuan Panda bond in 2020, it took only two weeks from the successful registration to the issuance, and completed the bond issuance at the interest rate of 3.95%, which greatly shortened the issuance time, effectively reduced the financing cost of enterprises, and injected strong power into the enterprise to become bigger and stronger and drive the optimization of the industrial chain.

In recent years, Quanzhou Municipal government has actively accelerated the economic transformation. The Quanzhou branch of Industrial Bank of China has been following the steps of the municipal Party committee and the municipal government, giving full play to the advantages of "commercial bank + investment bank", focusing on the "region + industry" mode, focusing on the integration and optimization of traditional advantages such as textile, footwear, food and beverage, etc., and supporting the transformation and upgrading of a number of leading enterprises such as Anta, Tebu, Fengzhu and Yake, highlighting the dragon Leading by the first project, we focus on meeting the demand for financial services in the process of industrial upgrading through the product portfolio of M & A, technology transformation fund and supply chain financing, and constantly promote the transformation and upgrading of industrial economy.

The relevant person in charge of the branch said that it would continue to focus on the industrial upgrading and transformation of Quanzhou City, accelerate the construction of an all-round and multi-level financial service support system, so as to provide higher quality and more efficient financial services for Fujian's high-quality development.