Recently, CITIC Bank Hohhot Branch successfully issued over 30 million yuan in technological renovation and equipment upgrade relending, providing efficient and professional financial services to support local enterprises in their transformation and upgrading. This initiative has injected strong financial momentum into the implementation of large-scale equipment renewal policies in Inner Mongolia Autonomous Region.
Since 2025, the branch has actively responded to national policies promoting technological renovation and equipment upgrade relending. Aligning with regional economic development needs, it has prioritized supporting these policies as a key focus of its annual financial services. The branch has formulated specialized financial solutions to facilitate industrial transformation and upgrading in the autonomous region, ensuring policy benefits directly reach the real economy.
In the cashmere industry, intelligent production lines enable precise control over key processes such as woolen and worsted spinning differences, washing adjustments, and millimeter-level stitching, enhancing production through technology. Previously, upon learning of an urgent funding need for a local cashmere enterprise’s intelligent production line upgrade, CITIC Bank Hohhot Branch quickly responded by forming a dedicated team to conduct on-site research and tailor a financing solution. The branch also expedited approval through a green channel to ensure efficient project execution.
Leveraging past successful experiences, the bank provided the enterprise with "one-stop" full-process services, closely monitoring project implementation. The successful issuance of this technological renovation relending marks another significant achievement in the bank’s commitment to its "technology finance" strategy and targeted support for real enterprises.
A CITIC Bank Hohhot Branch representative stated that the bank will fully leverage its integrated "finance + industry" advantages, focusing on the "Five Key Areas of Finance" to enhance the precision and effectiveness of financial services. By offering diversified and continuous financial support to enterprises in the autonomous region, the bank aims to help more businesses advance steadily on the path of innovation-driven development, continuously fueling high-quality growth in Inner Mongolia.
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