On April 2, financial institutions in Chongqing held a symposium for supporting foreign trade and foreign-funded enterprises. In addition to the arrangements for related work, this symposium also emphasized those institutions should make a financial contribution to stabilizing foreign trade and investment.
Night view of Jiangbeizui
Since the COVID-19, financial institutions in Chongqing have attached more importance to credit support and reduced the financing cost. Banking institutions have granted more than RMB 70 billion of new loans to 570 foreign trade enterprises.
Those institutions will make an overall plan for further epidemic prevention and control and economic society. With more focus on the steady growth of foreign trade and investment, they will ensure the smooth capital flow of related enterprises, meet their credit needs, and invest more of their funds in foreign-trade and foreign-funded areas to reduce their liquidity risks.
The symposium also saw a signing ceremony for the institutions supporting those enterprises. Fourteen foreign trade and foreign-funded enterprises signed intention agreements with 14 financial institutions, with a credit of RMB 15.358 billion.