Qingdao Bank Successfully Applies for First Batch of Private Enterprise Refinancing of 2.64 Billion Yuan in the Province, Precisely Empowering High-Quality Development of Private Economy

Recently, with policy guidance and support from the People’s Bank of China Shandong Branch and Qingdao Branch, Qingdao Bank (002948) successfully applied for the province’s first batch of re-lending for private enterprises, totaling 2.64 billion yuan. This is a strong testament to Qingdao Bank’s long-term commitment to local development and serving the real economy, as well as a new starting point to demonstrate greater responsibility and achieve greater accomplishments on the new journey.

Qingdao Bank deeply recognizes the importance of financial services for the private economy. After the policy was introduced, the bank responded swiftly, viewing the implementation of re-lending policies as a vital development mission. From accurately interpreting policies to efficiently organizing applications, from strict screening and matching to compliant use of funds, every step is carried out with diligence, precision, and efficiency to ensure that the policy benefits are directly and smoothly conveyed to the fertile ground of the private economy.

In recent years, Qingdao Bank has always prioritized serving private enterprises as a key focus of its financial work. The bank continuously tilts credit resources toward private companies, optimizes credit structures, innovates financial products, and improves service quality. Focusing on key areas such as technological innovation and rural revitalization, Qingdao Bank ensures that financial resources are consistently directed toward important private sectors through dedicated credit plans, special quotas, and internal pricing discounts, actively supporting private enterprises to operate more efficiently.

The implementation of this re-lending for private enterprises marks a new beginning in Qingdao Bank’s service development for the private economy. Moving forward, Qingdao Bank will strictly follow policy requirements to ensure that funds are accurately and quickly directed to private enterprises with market potential, technological strength, and development prospects. Meanwhile, the bank will continue to implement the decisions and deployments of the Party Central Committee and the State Council, stay aligned with the People’s Bank of China’s guidance, and continuously improve the quality and efficiency of financial services. With more practical measures, better services, and stronger responsibility, Qingdao Bank will fully support the growth and expansion of the private economy in our province, contributing greater Qingdao-Yin strength to high-quality development.

(Edited by: Guo Jiandong)

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