Shanghai Pudong Development Bank Financial Assistance for Stable Production and Supply Construction of the largest single pig farm in Shanghai | Pig | Shanghai
Recently, Shanghai Branch of Pudong Development Bank successfully issued a loan of 50 million yuan to Shanghai Xinxin Livestock and Poultry Farm, a private pig farming enterprise located in Songjiang. Shanghai Xinxin Livestock and Poultry Farm is the largest single pig farm in the city and also a national level pig production capacity regulation base. The issuance of this loan fully demonstrates the strong leadership of the Shanghai branch of the bank under the Party Committee of the head office, and its strong practice of using financial empowerment to promote private enterprises to support rural revitalization, fully serving the national strategy.
Shanghai Xinxin Livestock and Poultry Farm covers a total area of 183 acres, with a pigsty area of 70000 square meters and an annual production capacity of over 80000 pigs. It has self-produced breeding boars and 3600 breeding/binary sows. In 2022, the company was included in the "2022 Urban Modern Agriculture Development Special Subsidy Project List" of the Shanghai Rural Agriculture Commission. It is the largest single pig farm in Shanghai and a national level pig production capacity regulation base. The base is of great significance in establishing a countercyclical regulation mechanism for pig production, improving the comprehensive emergency system for stable production and supply of pigs, and promoting the sustainable and healthy development of the pig industry.
Due to the company using a considerable portion of its own funds for the early construction of the pig farm, the short-term demand for working capital is highlighted. After learning about the relevant situation of the enterprise, Pudong Development Bank formulated a credit plan as soon as possible and completed the issuance of a 50 million yuan loan in the shortest possible time, providing liquidity guarantee for the production and operation of the breeding base and feed procurement.
Pudong Development Bank actively implements the national strategic deployment of comprehensively promoting rural revitalization. In practice, the Shanghai Branch of Shanghai Pudong Development Bank has taken "financial support for stable production and supply of live pigs" as an important breakthrough. In addition to the above businesses, this year it has also partnered with Taiping Property and Casualty Insurance to provide a combination of "insurance+options" to serve terminal agricultural enterprises and farmers, resist price fluctuation risks, serve rural revitalization with practical actions, and contribute financial strength to the national cornerstone strategy.