On February 21, China Railway Group and China Construction Bank signed the "Cooperation Agreement on Promoting the High-quality Development of Railway Modern Logistics Financial Services" to carry out pilot railway logistics financial services in some areas. The logistics and financial section of the railway 95306 freight platform was officially put into operation.
Railway logistics financial services have launched three products: "railway freight loan", "letter of credit settlement" and "railway document financing", and customers can handle related business in the logistics finance section of the railway freight 95306 platform, which will be piloted in Sichuan, Chongqing, Yunnan, Guangxi, Hubei and other provinces, autonomous regions and cities in advance.
Tao Qiao, Deputy Director of the Freight Department of Kunming Bureau of China Railway: After the customer authorizes the railway 95306 platform to push historical delivery data to the bank, the railway 95306 platform is directly connected to the bank data, and the bank can provide credit enhancement line to the enterprise for the directional payment of freight and other expenses to the railway.
At the same time, the "letter of credit settlement" business was launched, which clarified that the purchaser applied to the bank for a letter of credit with the railway waybill as the certificate, and the seller pushed the electronic waybill to the bank through the 95306 platform after delivery, and the bank could pay the seller with the electronic waybill. The "Railway Document Financing" service stipulates that railway logistics customers can apply for financing from banks and pledge goods with electronic bills of lading issued by railway logistics enterprises.
Huang Xin, Deputy Director of the Freight Department of China Railway Group: Carrying out the pilot of railway logistics financial services will help all kinds of enterprises expand financing channels, reduce financing costs, help reduce social logistics costs, and better support the high-quality development of the real economy.