Local Policy: Huzhou CCB Is No Longer Difficult To Finance For Low Carbon Transformation Of Textile Enterprises

Recently, Huzhou branch of China Construction Bank has successfully issued the first "transformation financial loan" to a textile printing and dyeing enterprise, which marks that CCB has made new achievements in practicing green new finance.

It is understood that transformation finance is an innovative tool to provide financial services for low-carbon transformation of carbon intensive industries, and it is a new proposition proposed by the state. In view of the higher requirements of implementing the "double carbon" target on green finance, in February this year, our city held a meeting to promote the deployment of transformation finance, and issued Huzhou transformation financial support directory 2022 edition and the list of the first batch of transformation financial support projects.

After the meeting, Huzhou branch of CCB quickly carried out the work deployment of transitional finance, reported the policy requirements of transitional finance to CCB head office in the form of special meeting, and applied to join the head office's Research Working Group on transitional finance, giving full play to the research advantages of the head office and guiding Huzhou branch of CCB to promote the practice of transitional finance. At the same time, the transformation finance will be included in the special evaluation scheme of green finance of the bank in 2022, and the assessment will guide the sub branches to take the initiative, strengthen the project docking, do a good job in sorting out the target customers, and quickly promote the implementation of transformation financial projects.

A textile printing and dyeing enterprise in Huzhou is one of the leading enterprises in the local printing and dyeing industry, but its traditional high pollution and high emission attributes have restricted the follow-up development of the enterprise. In order to achieve sustainable development and create new competitive advantages of the industry, enterprises decided to relocate technology transformation and realize low-carbon transformation. The new project will adopt advanced production technology and technology, improve the thermal efficiency of the system, and realize the utilization of high-temperature waste water waste heat and condensate recovery. After the technical transformation and relocation, the energy consumption per unit product of the enterprise has been significantly reduced. However, the total project investment of more than 600 million yuan and the "financing difficulty" of the traditional industry have made the enterprise in a dilemma.

Knowing this situation, Huzhou branch of China Construction Bank made a quick visit, research and analysis, and found that the enterprise's efficient heat conduction technology, improving energy efficiency and reducing the use of carbon containing energy are in line with the low-carbon transformation technology path of textile industry transformation finance in Huzhou City Transformation financial support catalog. Therefore, with a new perspective, the bank applied for 200 million yuan of "transitional financial loans" for customers, injecting new connotation into traditional industries, and has successfully invested 53 million yuan.

This "transformation financial loan" is a positive attempt of Huzhou branch of China Construction Bank to innovate and build a low-carbon transitional financial system, and promote the low-carbon transformation of carbon intensive industries in a scientific and orderly manner, which reflects the responsibility of CCB's large state-owned banks. In the next step, the bank will actively strive for pilot opportunities around transitional finance, absorb advanced experience both inside and outside the bank, and explore to build a multi-level transitional financial service system.

(source: Huzhou daily)

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