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The "Green Butterfly" Of A Textile Enterprise

2019/11/29 14:28:00 124

Mei Xinda

How does the small textile workshop change into a green environmental protection enterprise? In the epitome of the "Huzhou based" enterprise, Mei Xinda, a group of traditional industry enterprises in Zhejiang completed the "green butterfly" with a fountain of "financial activity water" and won the new life.

Founded in 1993, the group started from a small private enterprise specializing in textile printing and dyeing. With the textile industry generally facing difficulties, the United States Xinda group is struggling to find the way to change the butterfly, and focus on the garbage power generation industry.

Garbage power generation industry is good, but investment in the early stage is also very heavy. "Although financing operations are diversified now, most of the company's projects are cross regional, and foreign banks may not understand Huzhou enterprises, so the support of local banks is very important." Fang Mingkang, vice president of Mei Xinda group, told reporters.

In 2008, the United States Xinda group built the first garbage power generation project. In September 2017, the development of MSG's garbage power generation plate was successfully listed through major asset reorganization, becoming a milestone in its transformation from the textile and dyeing industry to the environmental protection industry. Today, the group has grown to be one of the largest private enterprises in Zhejiang, one of the enterprises in Zhejiang Province, which owns the waste incineration power generation industry in Zhejiang, and one of the main businesses of green energy.

Why green finance can effectively empower the green environmental protection industry? Huzhou branch of Huaxia Bank, which provides green loans for a series of enterprises such as Mei Xinda, gives Huzhou practice of green finance.

Traceability

"Top level + grassroots" continues to promote green finance

The formal establishment of the concept of "green finance" starts in 2016. In August 31, 2016, seven ministries and commissions such as the people's Bank of China and the Ministry of Finance issued the "guiding opinions on the construction of a green financial system". The "green finance" is clearly defined as: financial services to support environmental improvement, respond to climate change and resource efficient and efficient utilization, namely, environmental protection, energy saving, clean energy, green transportation, green building and other areas of project investment and financing, project operation, risk management and so on.

Developing green finance is an important measure to realize green development, and also an important part of the structural reform of supply side. Since 2016, China has been promoting the development of green finance through two paths: top-level promotion and grassroots exploration.

According to Chen Yulu, vice president of the people's Bank of China, since 2016, China's green bond market has ranked first in the world, and the volume of circulation and stock has ranked the highest in the world. The balance of green loans increased year by year, accounting for nearly 10% of all corporate loans.

China's green finance development report (2018) released by the central bank in November shows that the scale of domestic green financial market is expanding and product service innovation is constantly emerging. In 2018, China issued a total of more than 280 billion yuan of green bonds, and the scale of green bonds was close to 600 billion yuan, ranking the highest in the world. In 2018, green enterprises listed and refinancing totaled 22 billion 420 million yuan. Green products, green insurance, green trust, green PPP, green lease and other new products, new services and new formats have springing up, effectively expanding the financing channels of green projects, reducing financing costs and project risks.

Overlooking Huzhou city (people's net Zhang Mei photo)

In order to promote China's construction of a green financial system and achieve the goal of ecological environmental protection, in June 2017, the State Council approved the construction of a green financial pilot zone in eight cities (cities) of Zhejiang, Jiangxi, Guangdong, Guizhou and Xinjiang (five provinces). At this point, Huzhou became the first "national green finance reform and innovation pilot area".

According to the State Council's deployment, the five main tasks of China's green financial pilot area are: to encourage Chinese financial institutions to strengthen green financial business, to promote green credit, green insurance and green bond issuance, to explore the establishment of an environmental rights trading market, to increase government policy support, and to establish a green financial risk prevention mechanism.

In order to complete the task of the green financial pilot area, set foot on the "high-speed train" of green finance development. In recent years, Huzhou branch of Huaxia Bank has invested in the construction of green finance reform and innovation pilot area in Huzhou, and has invested in the green financial development to promote the upgrading and transformation of the whole bank.

Breakthrough

"Five specialized mode" to ensure efficient operation

Like the green transformation of Mei Xinda group, transforming the traditional private enterprises into green leading enterprises, turning the urban garbage producers into "no waste city" builders, urban solid waste comprehensive service providers, and explorers and practitioners of the "two mountain economy", is the beginning of green finance development. In Zhejiang, there are still a large number of private enterprises practicing this initial practice with practical actions.

For many years, the Zhejiang private enterprise in Zhejiang, the 500 largest private enterprise in China, is one of them.

Founded in 1994, Zhejiang Da Dong Wu group Co., Ltd. is a comprehensive enterprise integrating construction, real estate and industry and trade. From traditional industries to green transformation and upgrading, it is inseparable from the support of bank credit funds.

Since 2018, there have been new projects and new industrial chains that conform to green industry access standards. For example, the production plant project of "intelligent green factory" and "modern green building industry" should be built. The gradual increase in the total number of enterprise projects has also brought about an increase in accounts receivable and a longer return period.

"In order to support the key project of big Dong Wu group conforming to the theme of green building policy, Huaxia Bank Huzhou branch has provided green credit and cooperated with Tai Dong Wu group in the form of project loan." Wu Shuying, President of the Huzhou group, introduced the "Huaxia Bank" branch of Zhejiang, which is based on the business characteristics of the group's subsidiary, Tai Dong Wu Group Construction Co., Ltd., through the platform of "green loan" and so on, to give support to various products of the group, including loans, bank acceptance bills, letters of credit in the country, and forfeiting business.

Huzhou branch of Huaxia bank makes full use of the "green loan" platform to boost the development of green credit business to meet the financing needs of enterprises while reducing loan interest rate and financing costs.

In order to achieve the goal of green financial development, Huaxia Bank Huzhou branch actively explores the "five specialized mode" of green financial business development: specialized agencies, special approval channels, specialized project identification and certification, special credit scale and special examination.

To this end, the Huzhou branch of Huaxia Bank has set up a green finance department to undertake green credit policy formulation and transmission, green product innovation, green industry research and so on. In addition, the Huzhou branch also adheres to the "leader in charge" responsibility system, giving full play to the role of green finance in promoting the innovation team of financial products and services. Regular meetings will be held to carry out and implement green financial strategy from top to bottom, deepen the cross sector linkage mechanism of green finance, and accelerate the innovation of green financial products and services.

It is understood that the "five specialized mode" is running well and gradually improving, while consolidating the foundation for short-term business development, it ensures the long-term sustainable development of the business.

According to Yan Jiongzhi, President of Hangzhou branch of Huaxia Bank, "as of the end of 9, the balance of green credit of Hangzhou branch of Huaxia Bank is 13 billion 90 million yuan, and the balance of green financial business within and outside the table is 20 billion 700 million yuan, of which the green credit business accounts for more than 1/6 of the total banking system of Huaxia Bank."

Leading

"Business + investment bank" leads industrial transformation

What about green finance and insufficient funds? In order to broaden the source of green financial capital, Huaxia Bank Huzhou branch has been exploring the business mode of "business + investment bank" this year to promote the development of green financial business so as to provide comprehensive financial services for customers.

The mode of "commercial banks + investment banks", that is, the trend of large commercial banks in China complying with the mixed operation of banks, is not only developing the investment banking business vigorously inside the banks, but also carrying out various forms of business ties with the investment departments of the securities companies inside and outside the group.

Huaxia Bank Huzhou branch, relying on the head office asset management department as the first member of the commercial bank asset management organization to join the United Nations "responsible investment principle" (PRI), has made every effort to issue and sell the first financial products of the ESG concept investment series of the head office, and seize the new opportunity for green bonds to take the initiative to invest, landing Hangzhou branch's first financial capital green debt investment business.

The cooperation with the world bank also enabled Huaxia Bank Huzhou branch to find the entry point of green finance. In October last year, it landed in Zhejiang's first interbank loan project of 8 million dollars in the same industry, which was used for the construction of a subsidiary of the central enterprises in Huzhou, Anji, "35MW agricultural light complementary project".

In addition, Huzhou branch of Huaxia Bank attaches great importance to data management of green credit. In the credit approval and approval process, we must strictly implement the "double auditing principle" of green credit signs. The green finance department and the risk and compliance management department jointly examine whether business is included in the category of green credit, and eliminate all "green" behavior.

"Huzhou branch will mainly raise funds for natural conservation, ecological rehabilitation and disaster prevention and control projects, garbage disposal and pollution prevention projects, energy conservation and environmental protection industry, sponge city construction and other projects." Chen Jianping, deputy governor of Huzhou branch, said.

"By the end of the three quarter, the balance of" green credit "of Huzhou branch of Huaxia Bank was 5 billion 20 million yuan, an increase of 626 million yuan compared with the beginning of the year, an increase of 14.25%, a total of 45 green credit projects, 110 million yuan of household financing, and a total scale of" green finance "amounting to 7 billion 920 million yuan. Chen Jianping, vice president of Huzhou branch of Huaxia Bank, told reporters that "more credit funds go to green real economy projects and key construction projects, and the structure tends to be reasonable."

"Huaxia Bank Huzhou branch will continue to play an engine role of the industrial fund to promote green key projects and green real economy, and support Huzhou's march towards the green financial reform and innovation pilot area." Chen Jianping said.

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