The city of Weihai, surrounded by sea on three sides, boasts nearly 1,000 kilometers of coastline, 185 islands, 9,817 square kilometers of sea area, and 1.5 million mu of marine ranches, endowing it with unique marine resources. As a core driver for building a strong maritime nation and fostering a blue economic growth engine, the marine economy here finds vast potential for development. Bank of Communications Weihai Branch leverages its geographical advantages to deeply cultivate the local specialty marine industry. With a diverse range of financial products and a professional service system, it precisely meets the full-chain financing needs of maritime enterprises, injecting robust financial momentum into the region's blue economy as it forges ahead.
To address the pain points of small and micro maritime enterprises—such as lack of collateral and flexible funding needs—and large to medium-sized marine projects with their long cycles and diverse requirements, the branch has established a dual-track service matrix combining online and offline channels. For its online services, the branch actively promotes pure credit products like "Inclusive Fast Loan," "Jiao Lu Ke Chuang E Loan," and "Foreign Trade Fast Loan." It assesses enterprise qualifications based on comprehensive operational data, offering fully online processing with borrowing and repayment on demand. This approach supports businesses in marine cold-chain logistics, small-scale fisheries, and marine equipment supply.
A local cold-chain logistics company, specializing in the import, temporary storage, deep processing, and cold-chain distribution of high-end aquatic products like king crab and lobster, faced pressure on short-term capital turnover due to seasonal fluctuations in seafood imports. The branch accurately matched the company with the "Jiao Lu Ke Chuang E Loan" product, disbursing a 5 million yuan pure credit loan to quickly fill the funding gap and ensure orderly production and operations during peak seasons.
For its offline channels, the branch focuses on Weihai's distinctive core marine sectors, deeply engaging with advantageous industries such as fishing gear production and distribution, deep processing of aquatic products, and marine cross-border trade. Building on Weihai's solid industrial foundation as the "Fishing Gear Capital of China," with an annual output of 40 million fishing rods and over 90% domestic market share, the branch has established deep cooperation with leading industry players like Global Fishing Tackle. It provides tailored integrated financial solutions, including medium-to-long-term project loans, working capital loans, and supply chain financing, precisely matching the funding needs for capacity expansion and industrial chain synergy.
To date, the branch's cumulative credit lines for the marine industry exceed 550 million yuan, providing tangible financial nourishment to the real marine economy.
Establishing Dedicated Institutions to Support Leading Marine Enterprises
The branch established its Rongcheng Sub-branch as a dedicated institution for the marine industry, concentrating credit resources towards leading enterprises in marine food processing, modern deep-sea fisheries, and marine wholesale trade. Addressing the common industry challenge where maritime enterprises often lack traditional collateral like factories and land, making marine assets difficult to finance, the branch has broken through traditional credit models. It innovatively introduced special guarantee methods such as sea area use rights and deep-sea fishing vessel mortgages, revitalizing companies' core marine assets and solving the dilemma of "having assets but struggling to secure financing."
A leading local deep-sea fishing enterprise, primarily engaged in pelagic fishing, maritime transport, and aquatic product sales, faced significant capital turnover pressure due to high upfront出海 investment and long payment cycles. Its core assets were limited to fishing vessels and authorized sea areas, leading to long-term financing constraints. In response, the branch innovatively adopted a dual-collateral credit scheme using "deep-sea fishing vessels + sea area use rights." It proactively engaged with maritime and marine development authorities to complete the entire process of asset valuation, mortgage filing, and registration, transforming idle marine-specific assets into compliant financing collateral. This successfully facilitated a 50 million yuan working capital loan, fully addressing the company's funding shortfall and helping it stabilize production, expand scale, and strengthen its core business.
Enhancing Multi-Dimensional Safeguards to Solidify the Foundation of Marine Finance
The branch strengthens top-level coordination, implementing a suite of combined measures for financial support of the marine economy. Regarding tangible, enterprise-friendly policies, the branch has implemented targeted interest rate subsidies, effectively reducing the financial burden for eligible marine and agriculture-related enterprises, thereby lowering their comprehensive financing costs. Concurrently, it has established a regular review and optimization mechanism, continuously iterating and upgrading financial products, risk control, and service processes based on the realities of Weihai's marine industry, driving marine financial services towards refinement and long-term effectiveness.
To tackle the "financing difficulty" for asset-light export enterprises, the branch vigorously promotes the "Foreign Trade Fast Loan" product, which is "fully online and pure credit." A Rongcheng-based marine food company, engaged in aquatic product exports, previously often faced credit bottlenecks due to a lack of collateral. Utilizing the "Foreign Trade Fast Loan" product, the branch promptly approved a full 3 million yuan credit line for the company. Now, after completing export customs procedures, the company can independently draw funds by uploading trade documents online. This not only precisely aligns with its operational rhythm but also tangibly alleviates its capital pressure.
The branch will continue to shoulder the financial mission of the national strategy for maritime development, adhering to its original purpose of serving the real economy. It will persistently refine its professional marine financial service capabilities, fully supporting the comprehensive upgrade of Weihai's marine economic chain and the quality improvement of all its elements, contributing Bank of Communications' strength to the construction of a strong maritime nation.
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