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Yesterday, the 2011 (Second Edition) Guangzhou Fashion Culture Week Summit Forum and Award Ceremony, hosted by the Guangzhou Daily and the Guangzhou Clothing Industry Chamber of Commerce, was held in Guangzhou. Representatives from enterprises, designers, and experts jointly sounded the rallying call for "Guangzhou's march towards becoming a capital of fashion." Small and medium-sized enterprises that have long suffered from financing difficulties received the "most supportive" gift at the meeting. The Yuehua Branch of Minsheng Bank of Guangzhou announced that it would provide credit lines of 1 million to 2 million yuan to SMEs that meet certain conditions. The credit line granted to member units of the Guangzhou Clothing Industry Chamber of Commerce will also see a significant increase based on the current base of 1 billion yuan RMB, providing financial support for Guangzhou clothing brands to grow stronger.
Yesterday's summit forum presented awards for "Top Ten Guangzhou Fashion Apparel Brands," "Guangzhou Fashion Apparel Brands," "Outstanding Entrepreneurs of Guangzhou Apparel Brands," "Quality and Trustworthy Manufacturers of Guangzhou Apparel," "Quality and Trustworthy Suppliers of Guangzhou Apparel Accessories," and "Quality and Trustworthy Suppliers of Guangzhou Apparel Fabrics."
A relevant person in charge of the Guangzhou Daily stated that currently, the Guangdong apparel industry has a large number of brand enterprises and well-known products. The production capacity, variety, quality, and level of clothing have all made significant leaps. This forum gathered CEOs of famous Guangzhou apparel brands, experts in the field, and renowned designers from the Chinese apparel industry with the aim of discussing how the apparel industry can elevate its level and enhance competitiveness under the current complex and changing economic situation, and collectively planning the development strategy for Guangzhou's apparel industry.
To address the financing difficulties faced by small and medium-sized enterprises, the Yuehua Branch of Minsheng Bank of Guangzhou distributed the "most supportive" gift at the forum yesterday.
The branch manager, Wang Xiaowen, expressed that last year and this year, the credit line granted to member units of the Guangzhou Clothing Industry Chamber of Commerce was 1 billion yuan RMB. Next year, this amount will see a significant increase, providing financial support for Guangzhou clothing brands to grow stronger. Additionally, Minsheng Bank has been approved to issue 50 billion yuan worth of small and micro-enterprise financial bonds, which will enter the practical implementation stage next month. Member units that have been part of the Guangzhou Clothing Industry Chamber of Commerce for more than two years can obtain a credit line of 1 million to 2 million yuan. Furthermore, enterprises applying for loans do not need to participate in joint guarantees or mutual guarantees; they only need self-guarantees.