18 billion yuan of funds transfusion Jiangmen LED industry

Abstract: at the inauguration ceremony, the Jiangmen LED Industry Association and the Agricultural Bank of China, China Everbright Bank, postal savings bank signed a financial cooperation agreement. The next 3 years, the bank will provide members of the association of the three banks to provide credit support of 18 billion yuan to solve the financing problem.

As an important city in Guangdong province LED, 16, the official establishment of the LED Industry Association in Jiangmen. Association will be in the development of industry standards, financing for member companies, maintaining fair competition in the field of services. At the inauguration ceremony, the Jiangmen LED Industry Association and the Agricultural Bank of China, China Everbright Bank, postal savings bank signed a financing cooperation agreement. The next 3 years, the bank will provide members of the association of the three banks to provide credit support of 18 billion yuan to solve the financing problem.

It is reported that, compared to Shenzhen, Foshan, Zhongshan and other places to develop LED industry, although Jiangmen is a rising star, but the development is very rapid. Since 2007, Jiangmen decided to develop the LED industry, as of now the overall size of the LED industry accounted for about 1/6.

Due to the huge space for the future development of the industry in Jiangmen, the establishment of the Association yesterday, the ceremony, the three banks and the Jiangmen LED Industry Association reached a huge amount of financing framework agreement. Under the agreement, the next three years, including the Agricultural Bank of China, China Everbright Bank, postal savings bank, including the Bank of, the Jiangmen LED industry will provide $18 billion in financing loans.

How to operate the funds, LED Industry Association Secretary General Yin Lisong said, in addition to help member enterprises and banks "matchmaking", also with the name of association led the establishment of specialized investment company and Guarantee Corporation, to help members of the association of corporate finance. Currently the establishment of the two companies have been incorporated into the agenda of the association.