Bank Of China Xinqiao Branch Conducts Garment Enterprises To Do Financial Services Well

Bank of China Jiangsu

The city Xinqiao sub branch has been dedicated to serving textile and garment enterprises. For many years, the branch has been actively serving, focusing on the characteristics of garment enterprises, focusing on financial services and foreign exchange products, making efforts to make full contributions, and elaborately weaving "financial gowns" for garment enterprises.

By the end of 9 2012, the balance of the branch bank was 1 billion yuan, the loan balance was 594 million yuan, and the intermediate business income was 3 million 220 thousand yuan.

Xinqiao Town, Jiangyin, Wuxi, Jiangsu, is a small town with small bridges and flowing water. It is known as "textile town" and "Jiangnan cloth pier". Through diligent and intelligent Xinqiao people's innovation and development, there are 356 textile enterprises, such as textile mills, printing and dyeing factories, garment factories and so on. It has bred the largest wool textile enterprise in the world, Jiangsu sunshine group and Hai Lan group, the world's ten largest wool textile enterprise.

Xinqiao worsted and woolen industrial cluster is one of the 100 main industrial clusters in Jiangsu province. At present, the town has developed into the largest textile and garment base in the world, and the textile and garment industry has become the pillar industry in the region.

As the leading clothing enterprise in Xinqiao Town, the largest in the world.

Enterprises -- Jiangsu sunshine group and national clothing sales ranked third clothing enterprise - Hai Lan group. The sub branch not only provides comprehensive financial services for them, but also relies on the professional advantages of Bank of China's foreign exchange business to provide professional analysis and judgement for enterprises, help guide enterprises to effectively avoid exchange rate risks and reduce financial costs, and has been highly appraised by enterprises.

"In the first month of this year, the Bank of China will send" blessing "to the sunshine at work. Experts are asked to teach us how to adjust our financial policies and use the money in a lively way. It is really a special new spring gift.

The chairman commented on the professional financial services of Xinqiao sub branch.

In 2011, the sun group made a total of 20 euros in forward foreign exchange trading, with a paction volume of US $412 million, and Australian dollar forward foreign exchange trading of 9, with a paction value of US $260 million, which contributed a total of US $3 million to the company.

During the "good start" in 2012, the bank successfully completed the first innovative business in Wuxi, which helped to extend the time of bank acceptance and greatly relieved the pressure of enterprise funds.

Up to now, the bank has successfully made overseas agreement financing 400 million yuan for the sunshine group, 109 million yuan for the domestic forfeiting business, 120 million for the Yida business and 15 million 900 thousand USD for the pfer receivables, so that the enterprise can obtain financing funds at a lower cost and greatly reduce the capital cost of the enterprise.

The sub branch has not only improved and optimized the financial situation of enterprises, but also opened up a new prospect of win-win cooperation between banks and enterprises through the specialized product plan and omnidirectional financial services, weaving a beautiful "financial dress" for the famous clothing enterprises in Jiangyin Xinqiao.