At the international jewelry exhibition held in Shenzhen a few days ago, CCB Shenzhen Branch signed a strategic cooperation agreement with Shenzhen Baitai Jewelry Co., Ltd., the largest gold jewelry manufacturer in China. CCB will provide credit support for Baitai Jewelry through the combination of "warehouse receipt pledge+gold lease" and newly developed credit business. The two sides want to turn this emerging model into the standard model of the gold industry and promote the further development of gold enterprises in Shenzhen.
According to reports, the goods mortgage financing business refers to the business that gold processing enterprises pledge their own gold goods to CCB in the normal operation process and apply to CCB for leasing standard gold. The pledge ratio can be as high as 90%, and the term can be determined according to the gold processing, production and circulation cycle of the enterprise. In principle, it does not exceed one year. (Don)