Core Insights - The development of Xuzhou's industry is foundational, with new industrialization being the core engine for urban advancement [1] - Financial support from the People's Bank of China in Xuzhou is crucial for the city's new industrialization efforts, with significant increases in manufacturing loans and green credit [2][3] Group 1: Financial Support and Growth - As of September, the total manufacturing loans in Xuzhou exceeded 126 billion yuan, with green credit growing nearly 30% year-on-year [1] - Manufacturing loans increased by 18.8 billion yuan year-to-date, representing a year-on-year growth of 16.65%, surpassing the average growth rate of all loans by 4.55 percentage points [2] - The local banking sector has provided 97 billion yuan in central bank funds, effectively mobilizing bank credit towards technology and green sectors [3] Group 2: Support for High-Tech and Small Enterprises - The "Xuchuang Tong" policy was introduced to facilitate financing for technology-driven enterprises, resulting in a 300 million yuan low-interest loan for a local new energy equipment company [3] - A financing initiative named "Silver Enterprise Together, Industry and Finance Progress" aims to allocate 110 billion yuan in special credit funds to support small and medium-sized manufacturing enterprises [4] - Local banks have provided 246 billion yuan in credit for major industrial projects, with 98 billion yuan in loans specifically for industrial projects [5][6] Group 3: Case Studies of Financial Impact - A mechanical technology company received a 5 million yuan loan in just three days, enabling the development of four new products and enhancing market competitiveness [1] - Jiangsu Ningyi Electric Equipment Co., Ltd. has benefited from various financial supports, including a 300 million yuan working capital loan and a 1.6 million yuan pre-approval for factory expansion [5]

Core Viewpoint - The article highlights the successful transformation and growth of a mechanical technology company in Xuzhou, driven by continuous technological innovation and strong support from local financial institutions [1] Group 1: Company Development - The company is recognized as a provincial high-tech enterprise and a "specialized, refined, distinctive, and innovative" enterprise, focusing on upgrading products from traditional construction equipment to "efficient, energy-saving, and smart interconnected" solutions [1] - In 2021, the company received a loan of 5 million yuan, which facilitated the development of four new products, significantly enhancing its market competitiveness [1] - Currently, the company has a full order book until the end of the month, with production lines operating at full capacity, indicating strong growth momentum [1] Group 2: Financial Support - The local bank, Xuzhou Rural Commercial Bank, established a dedicated service team to support technology enterprises, conducting at least two visits per month to understand their operational dynamics and funding needs [1] - In August of this year, the company required additional funding for production expansion, and the service team promptly initiated an "urgent matter handled urgently" process, completing the procedures for an additional loan of 5 million yuan in a short time [1] - The financial support not only addressed the company's equipment needs but also boosted its confidence in expanding external markets and accelerating product iteration [1]