On the morning of November 6, the press conference of helping the development of casting and forging industry and "Xiangzhu loan" products was held in Jiahe County. Liu Zhiren, Deputy Secretary of the Municipal Party Committee and Mayor, and Tao Weiliang, Secretary of the Party Committee and President of Hunan Branch of Agricultural Bank of China, attended the conference and delivered speeches.

As the main force of Jiahe private economy, the casting and forging industry completed a total output value of 13.97 billion yuan in 2018, accounting for 77.7 percent of the total industrial output value of the county above designated size. "Xiangzhu loan" is a new achievement of cooperation between government, bank and enterprise, which is a credit product specially provided to small and micro enterprise customers engaged in casting and forging industry in Jiahe County, covering short and medium-term credit business such as working capital loan and international trade financing. It has the characteristics of low cost, high quota, long term, fast handling, flexible repayment and guarantee, which can effectively alleviate the problems of "difficult financing, expensive financing and slow financing" of Jiahe casting and forging enterprises.

At the conference, the People's Government of Jiahe County and Chenzhou Branch of Agricultural Bank of China signed the strategic cooperation agreement. Jiahe Sub Branch of Agricultural Bank of China signed the enterprise loan intention agreement contract with 20 enterprises including Chenzhou Xiongjian Machine Tool Casting Co., Ltd..

Liu Zhiren pointed out that finance is the blood of economy and an indispensable force to develop industries and strengthen entities. The "Xiangzhu loan" financial products released this time, with distinctive features and precise orientation, are the major achievements of the joint efforts, innovation and practical cooperation of banks, local governments and enterprises, which will inject new impetus and vitality into the high-quality development of Chenzhou casting and forging industry. It was hoped that all parties to the cooperation will take this opportunity to earnestly fulfill their responsibilities and obligations, operate in good faith, communicate closely, and strive to create a new situation and model for bank enterprise docking and cooperation. Departments at all levels should actively build docking platforms, play the role of bridges and ties, speed up the construction of credit system, and create a good financial ecological environment for the operation and development of financial institutions in Chenzhou. At the same time, he was eager to establish more extensive and in-depth cooperation with Agricultural Bank of China in more fields and in a larger scope, so as to boost the high-quality development of Chenzhou economy.

Tao Weiliang said that holding the "Xiangzhu loan" product conference is a practical measure to practice the Party Central Committee, the State Council, the provincial Party committee and the provincial government to serve the real private economy, and also a specific action to deepen cooperation between the government, the bank and the enterprise and help local economic and social development. The launch of "Xiangzhu loan" will achieve breakthroughs in credit basis, approval process, loan term, repayment method and guarantee mortgage, which can effectively solve the difficulties and pain points in the financing process of casting and forging enterprises, and will play a positive role in the development of Jiahe casting and forging industry.