The bank has issued a total of 6 billion loans, and the bank continues to increase support for enterprises to resume work and productionFly into the homes of ordinary people
Xinmin Evening News (Reporter Yang Shuo) In order to effectively assist the epidemic prevention and control and the resumption of work and production of enterprises, China Merchants Bank Shanghai Branch has actively sought a special support policy for epidemic prevention and control loans from the head office, and increased support for enterprises in the field of epidemic prevention and control, covering Key enterprises such as epidemic prevention and control, people’s livelihood security, and resumption of work and production, as well as key enterprises in the catering and retail, cultural tourism, and transportation industries that have been affected by the epidemic in stages. For enterprises that are included in the scope of epidemic prevention and control, China Merchants Bank Shanghai Branch provides special credit lines and preferential interest rate subsidies for the needs of enterprises for short-term capital revolving loans within one year (inclusive).
As of May 15, a total of 6 billion loans have been issued to enterprises under the special support policy for the epidemic, and the average interest rate is far lower than the interest rate of other credit businesses, helping enterprises to accelerate the resumption of work and production.
Company Y is a well-known express delivery company in China. It has undertaken the delivery of epidemic prevention materials, emergency medicines and basic living materials. During the epidemic, nearly 1,000 volunteers were recruited in Shanghai to improve the guarantee capability and quality of express delivery services. After the logistics and aviation strategic customer team of China Merchants Bank Shanghai Branch learned that the company has short-term financing needs to pay transportation costs and employee wages, it immediately helped the company apply for a special credit line of 100 million yuan for epidemic prevention and control, and provided green channels for approval and supply guarantees The preferential interest rate for enterprises helps logistics enterprises to ensure smooth flow.
Company H is a key supply guarantee enterprise in Shanghai, providing fresh food distribution services to residents. Since the epidemic, the amount of corporate purchases has increased significantly, and the amount of short-term advances made by its suppliers has also increased significantly. All departments of China Merchants Bank Shanghai Branch worked together to proactively identify suppliers’ financing needs. With the support of special anti-epidemic policies, the online and convenient operation of “Shangchao Loan” data-based financing business ensured suppliers’ normal capital turnover. . Since March 27th, a total of nearly 50 million yuan of “Shangchao Loan” financing has been put in for 30 suppliers, alleviating the financial pressure of suppliers.
