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Banks in the southeastern coastal provinces have received a request: to 'not withdraw loans or cut credits' for foreign trade enterprises.

Breakings ·  Apr 21 16:47

According to interviews with reporters, banks in the southeastern coastal provinces have recently received relevant requests to 'not withdraw loans or cut credits' for foreign trade enterprises. A person from a local joint-stock bank confirmed to the Financial Association that the bank's international business department is implementing the relevant requirements. Another city commercial bank representative stated that their bank is actively responding to the spirit of the relevant departments, adopting a 'not withdraw loans or cut credits' approach for foreign trade enterprises. They are also implementing customized Crediting support plans for leading foreign trade enterprises, insisting on 'one enterprise one policy' and providing good financial services. 'According to our understanding, the relevant departments in the province attach great importance to Crediting support. If any bank has recently withdrawn loans from foreign trade enterprises, it should be corrected promptly after April.' (Financial Association)

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