Linglong Got Highly Commended Best Funding Solution
Recently, the awarding ceremony of Asia 2018 Adam Smith Award, hosted by the world's famous financial magazine named Treasury Today, was successfully held in Singapore in recognition of the outstanding financial management achievements of global industry leaders. The tailored trade finance solution cooperated by Linglong Tire and National City Bank of New York (Citibank) was awarded 2018 Highly Commended Best Funding Solution.
Citibank is a world's leading bank with more than 200 million customer accounts across over 160 countries. It offers a wide range of financial products and services to individual, corporate, government and institutions. In the first half of 2018, given tight RMB liquidity in 1H 2018, the financing cost was very high and each financial institution had very limited asset quotas to support their clients for working capital needs, Citibank developed a set of tailor-made trade financing solutions for Linglong Tire to help the company reduce financial costs and optimize their processes.
Linglong Tire has cooperated with global first-class institutions in the field of procurement, finance, and management etc. to create a high-quality, efficient and global high-end cooperation platform. In the future, the company will continue to deepen cooperation with major financial institutions, actively exert their respective industrial advantages, and explore the innovative cooperation model of "banks and enterprises".