Financial institutions play an important role in facilitating trade, investment and financing. In order to promote win-win cooperation among banks, trust organizations and enterprises, and help the high-quality development of enterprises in Hunan Pilot Free Trade Zone, Hunan Provincial Department of Commerce (Hunan Free Trade Office), together with Changsha Central Branch of the People’s Bank of China (Hunan Branch of the State Administration of Foreign Exchange) organized more than 10 financial institutions to carry out activities in the Hunan Pilot Free Trade Zone.

 

 

In Chenzhou area, 10 financial institutions set up booths at the venue, attracting more than 100 enterprises to participate. 7 enterprises signed contracts, with a credit line of 1.045 billion yuan. The loans will be used to support enterprises in various fields such as environmental protection technology, agricultural machinery manufacturing, medical equipment.

 

The pilot free trade zone is a hub of reform and opening up for a new era, and also a pilot field for high-level financial openness. Chenzhou Area has seized the opportunity of financial openness and innovation since it was approved.

 

 

It has launched a large number of innovative businesses, such as Xinyi Loan to help small and medium-sized enterprises and Shoudan Loan financing mode, which has effectively stimulated the vitality of market entities and provided strong financial support for the development of Chenzhou. Xinyi Loan helps SMEs to overcome difficulties, which was awarded a national excellent case in 2022.