Core Viewpoint - The article emphasizes the integration of financial resources into the transformation of the manufacturing industry, highlighting the role of financial support in enabling companies like Luoyang Bearing Group to innovate and upgrade their production capabilities [3][5][14]. Financial Support for Manufacturing - Luoyang Bearing Group has transformed its production line into a smart factory, utilizing advanced equipment and technology to enhance efficiency and product quality [4]. - The company has received significant financial backing, including an 800 million yuan loan from Industrial and Commercial Bank of China and China Development Bank for its new energy equipment bearing production base project [4][5]. - A total of 23 financial institutions have provided comprehensive credit support to Luoyang Bearing Group, amounting to 6 billion yuan, with a focus on long-term loans [5]. Innovation and Technology Development - Luoyang Bearing Group's high-end bearing products account for 70% of its output, with 13 technological achievements reaching international standards during the 14th Five-Year Plan period [5]. - The company has successfully secured various loans for equipment upgrades and technological innovations, significantly reducing financing costs [4][5]. Industry Growth and Market Expansion - The article highlights the growth of the bearing industry in Luoyang, which has become a comprehensive production base with 73 enterprises, making it a leader in the variety and application of bearing products in China [5]. - Luoyang Bearing Group is actively expanding into international markets, supported by export credit insurance that has facilitated over 70 million USD in exports [5]. Financial Policy and Economic Impact - The People's Bank of China has increased the quota for re-loans for technological innovation and transformation by 300 billion yuan, enhancing financial support for the bearing industry [6]. - As of April 2023, the manufacturing loan balance in Luoyang reached 74.4 billion yuan, reflecting a significant increase in financial support for the manufacturing sector [11][15]. Conclusion - The integration of financial resources into the manufacturing sector is crucial for driving innovation and supporting the development of a modern industrial system in Luoyang, showcasing the symbiotic relationship between finance and industry [14][17].