Recently, Red Lion Hope Cement Private Co., Ltd. obtained the first 1 billion rupees of funds under the guarantee syndicate of Bank of China and Minsheng Bank of China in Nepal's syndicate agent bank, which marks that Zhejiang Bank of China, as the lead bank, has three levels of linkage among its head office, provincial bank and Jinhua Branch, which lasted three years. The syndicated loans for large-scale cross-border cement investment projects involving three legal systems, covering two countries and eight syndicated member banks, landed smoothly. The 6000t/d clinker new dry process cement production line project of
Red Lion Group in Nepal is the largest syndicated project in Nepal's industrial history and the largest investment project of Chinese enterprises in the local area. As the second cross-border syndicate led by the syndicate to support the private enterprise Red Lion Group to "go out", it is another successful practice of the Bank of China to support outstanding private enterprises to explore the international market. < br/>
Hongshi Holding Group is one of the twelve national large-scale cement enterprises supported by the state and ranks first among China's private building materials enterprises. It has more than 40 large-scale cement subsidiaries in 10 provinces in China and five large-scale new dry-process cement projects in four countries, including Myanmar, Nepal, Indonesia and Laos. Its cement production capacity is about 90 million tons, with 12000 employees. At the end of June 2017, the Bank of China of Zhejiang Province took the lead in organizing the first dual-currency syndicate in the province, which combines "internal guarantee and external loan + cross-border loan", to provide a financing arrangement of 11.36 100 million yuan for the project of a new dry cement production line with a daily output of 5000 tons in Vientiane, Laos, to effectively promote international capacity cooperation in the cement industry. < br/>
The 3.5 of Red Lion Group's Nepal project is USD billion, with a 需融资1.5925 of USD billion. Zhejiang Bank of China, as the leading bank of the syndicate, has designed a cross-border syndicate scheme based on the mode of internal guarantee and external loan for enterprises through repeated investigation and demonstration, taking full account of customer needs, local foreign exchange policies and capital market differences, and linking up five member banks of CITIC Insurance Zhejiang Branch, Minsheng Bank, Hengfeng Bank and overseas syndicates; At the same time, based on the requirements of local syndicate members in Nepal and relevant local laws and regulations, the model of partial transfer of guarantee and partial credit exposure has been introduced to effectively guarantee the interests of Chinese enterprises and domestic syndicate members. < br/>
Influenced by cultural differences, capital market differences and local legal system restrictions, the preparation process of Nepal project syndicate is extremely difficult, with "unexpected", "teleconference" and "verbal battle". Whenever encountering obstacles, the members of the syndicate working group always uphold a high degree of professionalism, respond with the "four thousand spirit" of "thousands of words, thousands of mountains and rivers, doing everything possible, and thousands of hardships", carefully sort out the existing differences one by one, do not be discouraged, do not give up, the headquarters and branches, internal and external efficient linkage, break through the problems one by one, and improve the financing structure; At the same time, a strict time schedule has been formulated to efficiently promote the signing of contracts and the opening of guarantees. Taking the signing of the syndicate contract as an example, the agent bank, Jinhua Lanxi Bank of China, completed the printing of all documents and the signing of documents by domestic members in two days, and completed 4920 signatures and 4920 official seals in one day, which refreshed the record of the number of signatures used in the contract text of a single project in the same industry in the province. < br/>
Since the first syndicate meeting was held on April 1, 2016, the project has gone through 949 days and nights and more than 1000 emails. There are dozens of WeChat groups used to communicate different subdivisions of work, and the people involved in syndicate work have changed several times. Some colleagues have left their jobs and quit, and some fresh blood has been added. The only thing that remains unchanged is the pursuit of mission in the hearts of all Chinese people, and the belief of advancing bravely and never flinching. < br/>
Today, the construction of the Red Lion Nepal Project is progressing smoothly, and the production base has begun to take shape. With the support of the syndicate, the follow-up project construction has more adequate financial guarantee. Lai Weipeng, General Manager of Red Lion Hope, said confidently: We sincerely thank the Bank of China and the syndicate participants for their hard work in the Red Lion Nepal Syndicate Project, and we are confident that we will achieve the production and operation objectives of the project in 2019! In the future, bridges, roads and houses in Nepal will be covered with Red Lion Cement from China ! < br/>
As one of the largest overseas investment projects of Zhejiang enterprises in recent years, the Nepal project of Red Lion Group fully demonstrates the professional level and business ability of the Bank of China in making complex cross-border investment projects, and also fully demonstrates the pattern and responsibility of the Bank of China in supporting the private economy and building the "one belt and one road" financial artery. It has important and far-reaching social and practical significance.
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