“木业之都”踏上转型升级路

Core Insights - The timber processing industry in Suifenhe, Heilongjiang Province, is experiencing significant growth and transformation, moving from raw material processing to deep manufacturing, supported by financial initiatives [1] - The local financial institutions are actively promoting credit services to support the timber industry, resulting in increased loan balances and credit availability for businesses [3] Group 1: Industry Development - Suifenhe has a nearly 30-year history of large-scale timber processing, recognized as "China's Wood Industry Capital," with a complete industrial chain from procurement to sales [1] - The timber industry loan balance in Suifenhe reached 3.3 billion yuan by the end of November 2025, with a year-on-year growth of 3.5%, accounting for 70% of the city's corporate loans [1] Group 2: Financial Support and Innovation - The People's Bank of China in Mudanjiang has facilitated connections between financial institutions and local businesses, leading to the introduction of specialized financial products like "Manufacturing e-loan" [2] - The financing credit service platform has achieved over 90% participation from timber market entities, with a total credit of 169 million yuan and 130 credit loans amounting to 102 million yuan [3] - New financial products such as "Wood Industry Quick Loan" and "Personal Industry Loan" have been launched to meet the diverse financing needs of timber enterprises, offering flexible and efficient loan processes [4]