TapTechNews June 22nd, according to the China Railway WeChat platform, on the basis of comprehensively summarizing the successful experience of the pilot, starting from June 20th, China Railway Group and China Construction Bank are promoting and implementing the 'railway freight loan' logistics financial product across the national railways to help reduce social logistics costs.
China Railway Group cooperates with China Construction Bank and has conducted a pilot of railway logistics financial services since February 21st this year within the jurisdiction of railway group companies such as Wuhan, Nanning, Chengdu, and Kunming, relying on the 95306 railway freight platform and launching railway logistics financial products such as the 'railway freight loan'.
TapTechNews has learned that the 'railway freight loan' is a special online credit product tailored for railway freight customers to pay for railway transportation and logistics costs, divided into small and micro enterprise railway freight loans and medium and large enterprise railway freight loans.
Since the pilot for four months, more than 200 customers who have used the above-mentioned railway logistics financial products, and the total bank credit financing amount has exceeded 11 billion yuan. At the same time, the system connection and business integration of the railway logistics network and the financial service network have improved the quality and efficiency of logistics and financial services.
Judging from the previous pilot situation, the 'railway freight loan' covers multiple industries such as coal, steel, building materials, fertilizers, grain and oil, and trade and logistics, among which the proportion of small and micro enterprise customers is more than 80%.
China Railway Group and China Construction Bank decided to promote and implement the 'railway freight loan' logistics financial service product across the national railways starting from June 20th. Customers in various places can handle it through the logistics financial section of the 95306 railway freight platform. After authorizing the platform to submit historical transportation data to the bank online, they can apply for a credit increase quota and preferential interest rate, which can be used to directional payment of logistics fees to railway logistics enterprises. The greater the railway shipping volume and the more freight paid, the greater the credit increase quota that can be applied for and the lower the interest rate.
In the next step, China Railway Group will strengthen cooperation with financial institutions and continuously optimize the 95306 system functions.