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China'S First Sewage Discharge Pledge Loan 9 Million 300 Thousand Yuan Successfully Landed. Shishi Finance Supports Transformation And Upgrading Of Printing And Dyeing Enterprises

2019/12/20 11:57:00 0

Sewage DischargePledge Loan

Recently, the first national sewage discharge pledge loan of 9 million 300 thousand yuan was successfully landed at Shishi sub branch of Bank of China. The successful issuance of the loan is an innovative loan guarantee method pioneered by the national printing and dyeing industry. It is a successful exploration of revitalize the assets of printing and dyeing enterprises, making sewage discharge no longer a cost burden of enterprises, but a liquid asset. It provides a new financing channel for dyeing and finishing enterprises in Shishi, Fujian province.


Shishi, as a famous Chinese leisure clothing city, is an indispensable part of the textile and garment industry. As a pillar industry in the Shishi industry, the printing and dyeing industry attaches great importance to the city's government. With the goal of promoting the transformation and upgrading of the printing and dyeing industry, the construction of the national recycling and transformation demonstration garden and the green printing and dyeing ecological park is focused on. Building new dyeing and finishing parks, promoting mergers and acquisitions, upgrading the level of technological processes, controlling the total amount of pollutant discharge, and improving public service platforms. On the 5 hand, the policy of supporting dyeing and finishing enterprises has been promulgated, and actively promoted transformation and upgrading of dyeing and finishing industry from policies and funds.


It is understood that In 2018, the water consumption of 46 printing and dyeing enterprises in Shishi dropped from 52 million 470 thousand tons to 24 million 310 thousand tons, and the annual water consumption was nearly 30 million tons. In order to further revitalize the effective assets of enterprises, broaden the financing channels for enterprises and alleviate the financing difficulties of small and medium-sized enterprises, Shishi actively explores the work of sewage discharge trading and pledge loans, and the Shishi Financial Work Bureau and the production and investment group Circular Economic Development Co., Ltd., until the printing and dyeing enterprises conduct in-depth research, and promote the sewage discharge pledge financing, and help transform and upgrade the printing and dyeing industry.


On the basis of in-depth investigation and demonstration, In August 2019, Shishi issued the "opinions on sewage discharge trading and pledge loans", and conducted pilot work on sewage discharge volume in the three major printing and dyeing areas. Under the premise of controlling the total amount of pollutant discharge in the area, the sewage disposal unit deals with the amount of sewage discharge. The pledge loan for sewage discharge is mainly used for technological transformation and R & D activities such as turnover of operating capital and environmental protection project.


To ensure smooth emissions trading, the Shishi government will entrust the Strait equity trading center to provide a unified trading platform and implement transaction management. Enterprises within the jurisdiction can trade on the trading platform. Trading institutions provide services such as places, facilities, information, settlement and registration for transactions, and perform witness functions of transactions. The Straits equity trading center launched the sewage discharge trading plate in Shishi, which is the first initiative in the annex province. At the same time, Shishi Circular Economic Development Co., Ltd. hired third party intermediaries to conduct market investigation and assessment of the value of sewage discharge, and thus serve as the base price for the discharge and pledge of sewage discharge. In addition, the circular economy development company controls the total amount of sewage discharge, adjusts the sewage discharge volume of the enterprises, and implements the source management, so as to provide a system guarantee for the discharge of sewage.


Shishi financial work bureau responsible person said, sewage discharge pledge loans to resource allocation and environmental regulation role is obvious. On the one hand, the discharge of sewage from the cost burden of enterprises to liquidity assets provides a new financing channel for enterprises. On the other hand, this is an innovative loan that expands the banking business. This business helps to achieve win-win results for the government, state-owned enterprises, banks and enterprises.


The industry believes that for printing and dyeing enterprises, it can help enterprises revitalize intangible assets and promote transformation and upgrading of enterprises. There are 61 enterprises in the centralized control area of the dyeing and finishing industry in Shishi. The total amount of sewage discharged is 243 thousand tons. It is expected to increase the liquidity of enterprises by nearly 1 billion yuan, and loan the sewage discharge mortgage belonging to the intangible assets of enterprises to effectively revitalize the enterprise's environmental resources, alleviate the cost pressure of enterprises, provide financial support for enterprises to carry out energy saving and emission reduction technology transformation, and encourage enterprises to innovate environmental technology; In addition, this makes the sewage discharge trading more open and transparent, and the information asymmetry problem is further alleviated. Enterprises can obtain the sewage discharge from their own needs from lower prices in the transaction market, and reduce the operating costs of enterprises.

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