Industrial and Commercial Bank of China Constantly Increases Its Financial Services to Advanced Equipment Manufacturing Industry

In recent years, ICBC has continued to increase financial services in advanced equipment manufacturing and basic industries. It is understood that as of the end of June 2012, the loan balance of the business department of the Industrial and Commercial Bank of China in Liaoning Province was RMB 55.939 billion, and a total of RMB 17.333 billion was placed in loans that year. These loans were mainly invested in the advanced equipment manufacturing industry.

According to reports, in addition to increasing loans for the equipment manufacturing industry, ICBC uses its own advantages to provide these companies with upstream and downstream supply chain trade financing, M&A loans, equity financing, and other portfolio innovation services and products to support equipment manufacturing. The rapid development of the industry.

Shenyang Machine Tool Co., Ltd. is China's largest metal-cutting machine tool manufacturing company and a partner of ICBC for many years. Li Shuangshan, vice president of Shenyang Machine Tool Co., Ltd., told the reporter: “The ICBC's service to us is not just a loan. The financial support is so simple. Their experience in financial business and financial theory is even more transforming the economic development mode in our company. It helped a lot." When it comes to the future cooperation with ICBC, Li Shuangshan said, "In the future, we and ICBC will not only be partners in economic matters, but we must also be an alliance for future development."

Afterwards, it was learned from Shenyang Blower Group Co., Ltd. that Shenyang Blower Group Co., Ltd. had received a large amount of financial support from ICBC at the key nodes of the company's development. The reason why Shenyang Blower Group Co., Ltd. chose Industrial and Commercial Bank of China, in addition to ICBC's strong financial support, is to value the service advantages of ICBC, as well as professional teams and a wide range of financial services products. In the actual development process, the services provided by ICBC have helped companies to avoid operating risks and help enterprises develop well.

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