It was learned from People’s Bank of China Chenzhou Central Branch that from this January to June, the outstanding bond fund for non-ferrous metals industry issued by the banking financial institutions hit 17.915billion yuan, 3.932billion yuan more than the beginning of 2015.

In order to support the continuous development of non-ferrous metals industry- a one-hundred-billion-yuan industry, Chenzhou financial departments positively answered the call of Chenzhou Municipal Party Committee and Chenzhou government, adjusted and optimized the credit structure, innovated the credit products and financial service methods, and expanded the financing scale by different channels, all of which greatly helped to solve the capital problem faced by the non-ferrous metals industries on the projects construction and production & operation.

According to the sampling survey handled by People’s Bank of China Chenzhou Central Branch for the top 74 non-ferrous enterprises in the area, the credit resources issued on non-ferrous metals industry were concentrated to some advantageous enterprises. In the first half year, the outstanding bond fund issued to the top 74 non-ferrous enterprises were amounted to 13.623billion yuan, accounting for 76.04% of the total financing amount for this industry. Yuteng, Jingui, Jinwang, Xiangyun, Xiangcheng High-tech and some other top-ten enterprises were issued with 10.364billion yuan, covering 57.85% of the total amount for the industry.

In the first half year, the State Administration of Foreign Exchange Chenzhou Central Branch helped Hunan Jinwang Bismuth to obtain the first short-term external debt of Hunan province with the amount of USD50million. At the meantime, Jinwang Bismuth was granted with the pilot policies for first batch concentrated operation and management of foreign liquid assets of Hunan province. It did not only increase the cash flow of the enterprise, but also helped to accelerate the capital velocity and decrease the financial cost. It was highly appreciated by the enterprise.