On September 18th, the Shandong Provincial Government issued the “Implementation Plan for the Transformation and Upgrading of the Financial Industry in Shandong Provinceâ€. This program was formulated by the Shandong Provincial Financial Office. The purpose is to accelerate the transformation and development of the financial industry and better play the supporting role of finance in economic restructuring, transformation and upgrading. Tire World Network was informed that Shandong Province will develop diversified commodities and OTC derivatives markets in the process of expanding its emerging financial industry. These include supporting the construction of professional commodity trading platforms such as petroleum equipment and rubber tires, and doing fine, specialized and strong. According to Tire World Network, tire manufacturing is a dominant industry and characteristic industry in Shandong Province. Since this year, the province has strengthened financial support for the tire industry. Shandong Province guides financial leasing companies, supports traditional industries such as tires, and carries out capacity transfer, enterprise restructuring and upgrading of production materials. They also scrutinized banking financial institutions that unilaterally adopted measures such as lending, lending, and suspending loans, as well as actions such as loan transfer, deposit-loan-linked, borrowing and tying, and pass-through costs, which increased interest rates and increased corporate burdens in disguise. At the same time, we will give timely support to high-quality enterprises in the tire industry, especially technology upgrading projects.
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· Shandong financial support tire trading platform construction