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Xi'an launches international logistics waybill financing model

Updated: 2019-09-30

An international logistics waybill financing model for the China-Europe Chang'an freight train was introduced in the Xi'an International Trade and Logistics (ITL) Park on Sept 29. It is the first such model in the country to serve small and medium-sized enterprises using a "monetary policy + fiscal policy" approach.

The model was initiated by the ITL Park and the Xi'an Branch of the People's Bank of China to solve financing issues faced by enterprises.

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The launch ceremony for the international logistics waybill financing model for the China-Europe Chang'an freight train [Photo/ITL Park's WeChat public account]

International logistics companies can enjoy financing with an annual interest rate of about 4.5 percent through freight train tickets.

The model integrates the supply chain system of the freight train with the bill business, which helps solve the financing problems of small transport enterprises and provides comprehensive and convenient financing services to downstream enterprises.

It will also help expand the import and export share of SMEs in the ITL Park and improve the operation of the freight train.