November 22, Tire World Network learned that ICBC Shandong Dongying Branch participated in the tire industry fund project.
It is reported that the bank participated in the establishment of a number of industrial development fund. These funds are led by the local government.
Including Guangrao County established rubber tire industry, old and new kinetic energy conversion fund.
As a new type of financing, industrial funds have been respected by local governments and favored by enterprises.
According to the plan, Dongying City set up a scale of 10 billion yuan of corporate restructuring fund, and 10 billion yuan of corporate mergers and acquisitions listed industry fund.
Guangrao County rubber tire industry, the size of the old kinetic energy conversion fund, but also 10 billion yuan.
According to informed sources, in the current integration of a number of tire companies in Guangrao, industrial funds have given strong support.