Achieves Milestone in Foreign Trade

Recently, Xi’an Yuanfar International Trade company, a subsidiary of the Municipal Development and Investment Group, has successfully secured a total of 460 million yuan in international financial business credit facilities. These facilities cover international letters of credit, forward foreign exchange settlement and sales, and bank acceptance services. Specifically, the Bank of China Ankang Branch, the Provincial Import-Export Bank, and China Guangfa Bank have extended credit lines of 180 million yuan, 100 million yuan, and 180 million yuan, respectively. On November 12, the first international letter of credit, amounting to 58,000 U.S. dollars, was officially issued by the Bank of China Ankang Branch, marking a significant leap forward in the upgrade of Ankang City’s foreign trade service system.

As a key measure to implement the municipal party committee and government’s “Going Global” strategy, the Municipal Development and Investment Group, after acquiring Xi’an Yuanfar Company, quickly established a management team, set up a branch in Ankang, and facilitated the signing of over 800 million yuan in foreign trade contracts within just seven months, achieving 560 million yuan in foreign trade revenue. Leveraging this credit support, the Municipal Development and Investment Group is actively building a professional foreign trade service platform, focusing on Ankang’s characteristic and advantageous industries such as plush toys, selenium-enriched foods, and slate and stone materials, injecting strong momentum into their global expansion.

In recent years, Ankang City has seized opportunities arising from the relocation of industries from eastern China, optimized its business environment, and expanded its foreign trade network to 147 countries. Riding on this momentum, the Municipal Development and Investment Group has taken proactive steps by establishing the “Ankang No. 1” overseas warehouse, accelerating the deployment of overseas warehouses in countries such as Nigeria and Egypt, organizing companies to participate in international exhibitions in Russia, Japan, and Poland, and expanding investment operations in Malaysia. These efforts have contributed to building a new foreign trade model centered on an “integrated foreign trade service platform + overseas warehouses + cross-border e-commerce,” while improving the multimodal transport system and overseas warehouse service chain.

Moving forward, the Municipal Development and Investment Group will continue to leverage Xi’an Yuanfar Company as a strategic gateway, optimize overseas warehouse operations, enhance the advantages of the “Hui Mao Tong” platform, and conduct targeted investment promotion based on its extensive client resources. By advancing the integration of industry and trade and constructing a “1+N” industrial development system, the Group aims to foster a two-way approach—supporting local enterprises in “going global” while attracting excellent enterprises to Ankang—thereby laying a solid foundation for the high-quality economic and social development of Ankang.