China State Railway Group launches 'Railway Freight Bill' with banks to ease freight financing
On September 21, China State Railway Group, in partnership with commercial banks, launched the 'Railway Freight Bill' logistics financial product, allowing customers to defer freight payments for up to six months using bank acceptance bills. The product is piloted in 10 provinces and municipalities, including Beijing, Tianjin, and Guangdong. It is the fifth such product since 2024, with previous offerings providing over 29 billion yuan in credit financing, aiming to reduce financing costs and support the real economy.
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China State Railway Group and Banks Launch Railway Freight Ticket Financial Product
On September 21, China State Railway Group (国铁集团) partnered with commercial banks to launch the 'Railway Freight Ticket' (铁路运费票) logistics financial product, with the corresponding function going live on the China Railway Logistics 95306 platform. The pilot program covers 10 provinces and regions including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. This initiative follows the earlier rollout of four other logistics financial products—freight loans, freight certificates, letter of credit settlement, and railway document pledge financing—which have collectively provided over 29 billion yuan in credit financing to railway logistics customers since 2024. The new product allows customers to use bank acceptance bills for financing, replacing immediate cash payments with deferred bank bill payments for freight charges. The five product categories now form a comprehensive China Railway logistics financial product matrix, enabling customers to choose individually or combine products to optimize capital arrangements, reduce financing costs, and improve operational efficiency.
Read sourceChina State Railway Group Launches 'Railway Freight Bill' Logistics Financial Product
On September 21, 2024, China State Railway Group (China Railway) announced the launch of a new logistics financial product called 'Railway Freight Bill' (铁路运费票), in cooperation with commercial banks. The product allows railway logistics customers to use bank acceptance bills to pay freight, enabling deferred payment for up to six months. It is initially being piloted in 10 provinces and municipalities including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. The product is accessible via the China Railway Logistics 95306 platform and app. This is the fifth logistics financial product introduced by China Railway since early 2024, following freight loans, freight certificates, letter of credit settlement, and railway document pledge financing. The company reported that the previous four products have provided over 29 billion yuan in credit financing. China Railway stated that the new product aims to help customers optimize cash flow, reduce financing costs, and improve operational efficiency, supporting the real economy and lowering overall logistics costs.
Read sourceChina State Railway Group Launches 'Railway Freight Bill' Logistics Finance Product with Banks
On September 21, China State Railway Group (国铁集团) announced the launch of a new logistics finance product called 'Railway Freight Bill' (铁路运费票), in partnership with commercial banks. The product allows railway logistics customers to use bank acceptance bills to defer freight payment for up to six months, replacing immediate cash payments. It is initially piloted in 10 provinces and regions including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. The product is available via the China Railway Logistics 95306 platform and app. This is the fifth logistics finance product from the group, following earlier offerings such as freight loans, freight certificates, letter of credit settlement, and railway document pledge financing. Since 2024, the group has cooperated with 14 banks, with total credit financing exceeding 29 billion yuan. The new product aims to help customers optimize cash flow, reduce financing costs, and improve operational efficiency. The group stated it will continue to innovate logistics finance products to support the real economy and reduce overall logistics costs.
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China State Railway Group launches 'Railway Freight Bill' logistics financial product with banks
On September 21, China State Railway Group (China Railway) jointly launched a new logistics financial product called 'Railway Freight Bill' with commercial banks. The corresponding function on the China Railway Logistics 95306 platform also went online simultaneously. The product is initially being piloted in 10 provinces and municipalities including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. According to a China Railway logistics center official, since 2024, the company has cooperated with 14 banks to launch four types of logistics financial products, with total credit financing exceeding 290 billion yuan. The new 'Railway Freight Bill' allows customers to use bank acceptance bills to pay freight, replacing immediate cash payments with deferred bank settlement for up to six months. This product is designed to help railway logistics customers expand financing channels and reduce financing costs. China Railway now offers five major logistics financial products, including freight loans, freight certificates, freight bills, letter of credit settlement, and railway document pledge financing, forming a comprehensive product matrix. The company plans to continue innovating logistics financial products to support the real economy and reduce overall logistics costs.
Read sourceChina Railway Group Launches 'Rail Freight Ticket' Financial Product with Banks
On September 21, China State Railway Group (国铁集团) announced the launch of a new logistics financial product called 'Rail Freight Ticket' (铁路运费票), in cooperation with commercial banks. This follows the earlier rollout of services such as freight loans, freight certificates, letter of credit settlement, and railway document pledge financing. The product's function has simultaneously gone live on the logistics finance section of the China Railway Logistics 95306 platform. The pilot program will initially be implemented in 10 provinces and municipalities: Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. The initiative aims to help railway logistics customers expand financing channels and reduce financing costs, according to the official announcement.