Group 1: Industry Overview - The early tea industry in Wuzhong has developed into a comprehensive industrial cluster integrating dining, tourism, culture, and leisure, attracting 3.25 million visitors and generating sales of 826 million yuan during the 2024 Wuzhong Early Tea Food Culture Festival [1] - The early tea industry has become a significant brand and economic engine for local development in Wuzhong, with over 780 registered early tea shops generating an annual output value exceeding 1.5 billion yuan [4] Group 2: Financial Support and Development - The People's Bank of China Wuzhong Branch has prioritized financial support for the early tea industry, launching initiatives to assist small businesses and individual entrepreneurs, resulting in a loan balance of 640 million yuan for the early tea industry, a year-on-year increase of 22.2% [2] - Financial institutions have developed specialized loan products such as "Early Tea Business Loans" and "Ning Shang Quick Loans" to support the entire supply chain of the early tea industry [2] - As of April 2025, Wuzhong banks have provided financial support to 2,175 early tea industry entities, with a total loan balance of 43.73 million yuan, reflecting a year-on-year growth of 5.57% [6] Group 3: Case Studies of Financial Impact - Ningxia Zhonghua Snow Food Technology Co., a key supplier in the early tea industry, received a credit line of 50 million yuan from Ningxia Bank to stabilize its supply chain, ensuring the smooth operation of the early tea industry [3] - The owner of Chenzi Beef Noodle Restaurant successfully expanded his business with the help of a 1 million yuan loan from Wuzhong Rural Commercial Bank, which allowed him to renovate his shop and purchase quality ingredients [5] - Li Haiyan, owner of a well-known early tea shop, quickly obtained a 100,000 yuan loan through the Industrial and Commercial Bank of China’s mobile banking app, demonstrating the efficiency of financial services in supporting local businesses [7]