Core Insights - The steel furniture industry in Pangcun Town, Luoyang, has evolved from small factories to a major hub with an annual output value exceeding 18 billion yuan, earning the title of "China's Steel Furniture Capital" [1] - The town is accelerating its industrial upgrade in response to the wave of smart manufacturing, focusing on transforming workshops into intelligent, green, and digital operations, thereby enhancing international competitiveness [1] - Financial support is crucial during this transformation phase, with CITIC Bank's Zhengzhou branch launching a specialized credit product, "Steel Furniture Loan," to meet the needs of the steel furniture industry cluster [1] Industry Development - Pangcun Town is building a modern production system that integrates intelligent production, automated packaging, and smart logistics to improve manufacturing and delivery efficiency [1] - CITIC Bank Zhengzhou branch has provided credit support totaling 67 million yuan to over ten steel furniture enterprises, reflecting a targeted approach to financing within the industry [1] Future Outlook - The bank plans to continue integrating financial resources to create a sustainable inclusive financial service system that addresses the lifecycle needs of small and micro enterprises, promoting a virtuous cycle of finance, industry, and consumption [1]