East China’s Jiangsu province increase foreign trade loans by 9.353 billion yuan and serve 1044 enterprises last year.
The increase foreign trade loans provided strong support for ensuring the smooth operation of the foreign trade industry chain and supply chain and stabilizing the international market share. Starting from July 2020, the Provincial Department of Commerce encouraged banks and insurance institutions to make reasonable profit distribution, reduce corporate financing costs, and expand loan scale. From July to December last year, 6.009 billion yuan new loans were granted to 813 companies, up by 147.79% and 91.29% respectively.
