State Grid E-commerce Company Makes Use Of Fintech To Support Various Enterprises

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • The State Grid e-commerce company will be relying on its own blockchain platform where they will be issuing loans.
  • Zhu Hui stated in an interview with the reporter that they would also use major e-loans, e-tickets, and other financial products.
  • Zhengzhou Jingjing Electric Power Equipment Co., Ltd. has managed to obtain a loan and also adopts a loan-and-repay model.

The reporters have very well stated that the companies have been facing a lot of problems post the resumption of the production of emergency protective material. These problems are primarily concerned with the field of a shortage of funds.

The downstream companies are not resuming work, due to which the repayment period has been lengthened. All this provides them with efficient and accurate financial services, which might help in winning the fight against epidemic diseases.

The following day, Zhengzhou Jingying Power Equipment Co., Ltd. received an order where they had to supply a batch of emergency supplies for the frontline production of the epidemic. However, due to financial problems, the company could not invest in the supply of supplies and failed to meet the demands.

This situation led to the State Grid E-commerce Company proactively contacting and coordinating with the China Merchants Bank. Finally, they were provided with 15 million yuan in interest rate financing after a series of review processes. In this case, the enterprise does not need to go to the bank to apply for financing.

Presently, Zhengzhou Jingjing Electric Power Equipment Co., Ltd. has managed to obtain a loan and also adopts a loan-and-repay model. Ma Deping had stated to the reporters that the loans would majorly be utilized to pay the supplier’s payment as well as employees’ salaries.

He also added that they have been supporting the first-line power generation in Beijing, Heilongjiang, Henan, Hebei, Anhui, Jiangsu, Liaoning, Shaanxi, Shandong, Sichuan, Xinjiang, and a lot more other provinces.

The State Grid e-commerce company will be relying on its own blockchain platform where they will be issuing loans. Their production capacity is also recovering, and it is being predicted to reach more than 90% in the near future.

The big data technology also serves the advantage of changing the enterprise to take the initiative to screen out small, medium, and micro-enterprises that produce protective products.

The head of the Financial Operations Management Center of the State Grid E-commerce Company, Zhu Hui, stated in an interview with the reporter that they would also use major e-loans, e-tickets, and other financial products.

So that they can provide convenient and inclusive financial services to enterprises, be it small or medium. He also added that they heavily rely on their Blockchain platform, which simplifies financial services approval and verification.

Apart from providing financial service support for enterprises, the State Grid E-commerce Company has also adopted various measures that will help enterprises resume work and resume production.

Simultaneously, the State Grid e-commerce company will also reduce or halve the collection of rents from the leased scientific and technological achievements incubation center cooperative enterprises from January to March.

The State Grid e-commerce company will further implement the decision-making and deployment of the Party Central Committee and the State Council. The main aim behind doing this is to increase support for epidemic prevention and development.

Along with it, it will also help in the development of small and medium-sized enterprises. If this battle against the epidemic outbreak is won, it will only lead to a lot of benefits and add on to the economy and stability of the society.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners