The people's Bank of Shanghai helps Xu workers into the lending market

Recently, Xugong financial company has been approved by the people's Bank of Shanghai headquarters to enter the interbank market. The prospect is very good. So far, Xugong financial company has accumulated up to 240 million yuan in the LCD business.

Xugong financial company's participation in interbank market transaction has changed the restrictions that only one way banks can get out of funds in the past interbank businesses. Through the need for liquidity management, the interbank lending market with high market level and other financial institutions can lend money to each other.

Interbank lending to further enrich and improve the company's financial service function, financial attributes and service system, through the two-way flow of funds "valve" timely control, timely and convenient for the group to bring sufficient stability, low cost of living water, especially in order to effectively guarantee the liquidity level in the very condition, and revitalize the stock capital, improve efficiency.

For interbank business, open up a smooth low cost and high efficiency of capital operation, financing channels, help the flexible adjustment of liquidity and optimize the allocation of funds, improve capital efficiency, to maintain liquidity and capital efficiency is closer to the optimal balance point.

Financial company's new tools can better implement the group's strategic intentions, effectively guarantee liquidity, greatly enhance the ability to provide financial support for member units, and provide a more comprehensive and solid support for promoting the transformation and upgrading of the main business of the group.

At present, financial companies are working closely with a number of large banks and financial companies at home and abroad to negotiate credit issues and expand the interbank lending network.

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