Increase credit support, help small and medium-sized enterprises to resume work and production

Due to the new corona virus epidemic, many enterprises have been affected to different degrees, especially small and medium-sized enterprises with weak risk resistance and easy to face the dilemma of broken capital chain. In order to rescue enterprises related to the epidemic and support the resumption of work and production of small and medium-sized enterprises, the central bank launched the policy of re-lending and re-discount to alleviate the financial pressure of enterprises, which has achieved initial results.

It is very honored that our company has received the support of national policy. Recently, Guangdong 《Finance and Economics Today》 interviewed our company.

During the epidemic period, due to the suspension of production of upstream raw material enterprises, the supply of raw materials for drug production was directly affected, and enterprises once encountered problems in the supply chain.The shortage of upstream supply leads to the failure of some products to be produced, the reduction of downstream orders increased the cost of enterprises, and at the same time, it is almost a short-term situation faced by many enterprises to ensure the labor cost and normal R&D investment of enterprises. For pharmaceutical enterprises that were not necessary for epidemic prevention and control, the normal operation of enterprises was affected by factors such as the resumption of work, the recovery of production of upstream and downstream enterprises, and the blockage of sales and promotion, which directly leads to certain difficulties in capital turnover.

In order to continue to increase financial support, the Operation Management Department of Guangzhou Branch of the People's Bank of China hosted a number of special publicity activities for the resumption of work and production of small and micro enterprises, guiding more low-cost credit funds to enterprises in Guangzhou, and providing low-cost financial support for the resumption of production of small and micro enterprises of HP. Guangzhou Rural Commercial Bank signed a financing agreement with our company to relieve the financial pressure of the enterprise and help the enterprise resume work and production.