Hua Xia Bank and ShippingChina reach their cooperation intension and demonstrate the mode at the conference

 Hua Xia Bank and ShippingChina reach their cooperation intension and demonstrate the mode at the conference

On the afternoon of June 24^th, the 6^th Global Shipping Summit was held in Dalian. Hua Xia Bank and ShippingChina reached their cooperation intension at the conference. Mr. Lu Xiaoqun, General Manager of SME Credit Department Hua Xia Bank made a presentation at the conference on the topic of “ocean freight factoring business” and “corporate card payment”.

The freight forwarding industry standstill for recent years as the traditional freight forwarding industry is Low value-added industry. The freight forwarders appetite for large amount of working fund on human resource, business operation and ocean freight. It is difficult for freight forwarders to get loan from the bank and lack of fund became the main obstacle of the freight forwarders development. Meanwhile, the mainland logistic fee staying at high level becomes the chronic disease for the industry. In that sense, at the same time that freight forwarding industry is presently undergoing a severe test, it possesses an unprecedented opportunity.

ShippingChina intended to cooperate with Hua Xia Bank on the basis of shippingchina business platform and forge a financial service platform for ocean shipping working out the problems of lacking of fund etc. Mr. Kang Shuchun, general manager of ShippingChina, indicated that there is amazing capital flow for freight forwarding industry and the “capital pool” will maximize the efficiency, capacity and profit. 

Mr. Lu Xiaoqun, General Manager of SME Credit Department Hua Xia Bank indicated that the competition or fusion of all kinds of new business mode is the issue the bank has to face at the information age. The turn up of “platform economy” brings the revolutionary change for the ideology, organization structure, marketing mode and product innovation of the bank.