A “link to the next era” theme conference was held during the Keqiao Spring Textile Expo. More than a hundred senior textile industry traders, fabric planners, fabric inspections, and other relevant persons in charge of banking institutions discussed how to integrate resources. , Play with textile supply chain services.

Nowadays, the life cycle of fabric products in the textile industry is getting shorter and shorter, resulting in a backlog of inventory and difficulty in circulation of funds. Under the double impact of excess capacity and the Internet, how should textile companies play with their inventories, play with live assets, and solve their limitations?

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In view of the increasingly prominent status quo, the global textile network timely released a new textile supply chain - "Easy-to-spun loan", helping companies to change inventory, the business turned. It is understood that “easy spinning loans” obtain loans through pledged stocks, and Ruifeng Bank and Huaxia Bank granted credits of 400 million yuan. The bank’s green channel makes “easy spinning loans” with a monthly interest rate as low as 5/1000, with a maximum amount of 3 million yuan. 3 days can quickly handle. Another need to remind is that the initial stage of the product only supports the primary yarns and grey cloths of the textile supply chain, and the scope is limited to Keqiao District.

Han Chong, CEO of the Global Textile Network and Online Textile City, pointed out that at present, the textile industry has a large number of goods, and the profits are meagre, while the quality goods are very few. The garment enterprises have to import at high prices. Among them, a large factor is due to the fact that textile companies are "unsatisfactory," and are hampered by triangular debt. There is not enough liquidity to invest in product upgrades. “This time, the global textile network proposed the concept of easy spinning, and cooperated with China Textile City International Warehouse Logistics Center, Ruifeng Bank, Huaxia Bank, China Textile Union Testing Center, and hoped to help companies to fund their own stocks without affecting them. Normal sales of pledged goods."

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“We need to invest more than 10 million yuan each year to purchase raw materials, seasonally stocked at the end of the year and in October, and now warehouses have about 40 million tons of grey cloth.” Xu Yingyu, general manager of Shaoxing Caohua Textile Co., Ltd., said that “easy spinning loans” is very Attractive, he is planning to "test water".

Shen Weixiang, general manager of Shaoxing Jiner Textile Co., Ltd., a textile company, also told reporters that from the perspective of yarns, grey cloths, printing and dyeing, and sales, there is a risk of capital chain fractures for SMEs. In the past, although enterprises could obtain funds through bank mortgages, they were only “paid for a glass of water.” On the one hand, the backlog of stocks was severe. On the other hand, it was difficult for funds to turn around and became a problem for many companies. Now that we have “Easy-Earning Loans”, we have optimized corporate finance financing capabilities and provided efficient and safe benevolent turnover “funding chain” guarantees for corporate operations.

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“At present, behind the 150 billion yuan annual turnover of the entity market group of China Textile City, it means that a large amount of support such as warehousing and logistics, design research and development, and finance are needed. Easy spinning can be a financial company for textile companies. Expanding the scale of operations has played a role in fueling growth." He Weiqiang, general manager of China Textile City Group Co., Ltd. said.

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