Extend ** deadline without reinstatement**

Yesterday morning, Cassini Garments Co., Ltd. and Xinyue Warp Knitting Co., Ltd. in our county handled 18 million and 20 million yuan of “annual review **” at the Huaqiao Bank of Shaoxing Keqiao Branch respectively. They are the first in our county. In order to enjoy the "annual review system" of small and micro enterprises, this is also the first batch of domestic banks to handle the annual review of the ** business.

The traditional process of **on-lending is to “repay loans first”, that is, funds must be returned before the expiration of ****. However, many small and micro enterprises are under tight funding and they are under great pressure to raise funds for on-lending loans. They often use private loans to raise funds for ** turnover, and some companies even resort to risk-taking. Private lending, especially ***, has increased the company’s communal costs, and it has also brought about unstable factors for the society. However, many companies have reported that “expensive and difficult to transfer” precisely because of this. Part of the cost of the loan.

"Annual Review **" is an innovative repayment method for small and micro enterprises. The bank's liquidity payments to small and micro enterprise customers are subject to annual review of its credit business before the expiration of **. For those who have passed the annual review, there is no need to reinstate ** and there is no need to sign a new "liquidity loan contract" to automatically extend the ** deadline.

Earlier this year, the Huaxia Bank Shaoxing Keqiao Branch was transformed into a "small branch of the company with special characteristics." In the previous quarter, Huaxia Bank visited a large number of small and micro enterprises, and small and micro enterprises generally reported that they were “expensive and difficult to transfer”. This is precisely the problem that the CBRC requires financial institutions to innovate in repayment by small and micro enterprises. With the support of the Bank of China Branch of Shaoxing, and approved by the head office, in mid-April, Huaxia Bank Shaoxing Keqiao Branch formally launched the “annual review system” business to support small and micro enterprises with outstanding growth and good reputation.

Implementation of the ** annual review, due to pay more attention to ** management, ** risk will be effectively controlled, but at the same time, because there is no need to actually repay the loan funds in place, reducing the turnover of ** turnover related procedures.

“Originally, the pressure of on-lending was quite high. Now we don’t have to actually put the loan repayment funds in place. The financial costs and time costs are all reduced. We only need to concentrate on doing a good job!” said Xi Xifeng, head of Cassini Garments Co., Ltd. The reporter told reporters that the company plans to expand its product line and improve its industrial chain. It is currently acquiring equipment for technological changes and it is expected that the new production line can be started in the second half of the year.