China Railway launches 'freight bill' to let cargo firms defer cash payments for up to six months
On September 21, China State Railway Group launched the "Railway Freight Bill" logistics financial product with commercial banks, piloting it in 10 provinces. The product allows cargo companies to pay railway freight using bank acceptance bills, deferring cash payments for up to six months. It is the fifth product in China Railway's logistics finance matrix, joining freight loans, freight letters of credit, letter of credit settlement for goods, and railway document pledge financing. Since 2024, China Railway has partnered with 14 banks, with total credit and financing exceeding 29 billion yuan.
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China Railway launches 'freight bill' pilot to ease cash flow for cargo firms
China State Railway Group (China Railway) launched a new logistics financial product, the 'railway freight bill,' on September 21, piloting it in 10 provinces including Beijing, Tianjin, and Hebei. This product allows cargo companies to pay railway freight using bank acceptance bills, deferring cash payments for up to six months. It is the fifth product in China Railway's logistics finance matrix, joining freight loans, freight letters of credit, letter of credit settlement for goods, and railway document pledge financing. Since 2024, China Railway has partnered with 14 banks to offer four types of logistics financial services, with total credit and financing exceeding 29 billion yuan. A China Railway official explained that the new tool is designed for companies familiar with bill instruments who need flexible settlement cycles. A financial officer from Lingyuan Iron and Steel Group noted that the earlier 'freight letter of credit' product helped ease working capital pressure by allowing deferred payment for up to a year. China Railway stated it will continue to enrich its logistics financial product offerings to help reduce overall logistics costs and support the construction of a unified national market.
Read sourceChina State Railway Group and Commercial Banks Launch 'Railway Freight Bill' Logistics Financial Product
On September 21, China State Railway Group (China Railway) jointly launched the 'Railway Freight Bill' logistics financial product with commercial banks, with the corresponding function going live on the China Railway Logistics 95306 platform. The product is initially being piloted in 10 provinces and regions including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Guangdong, Hunan, Hainan, Yunnan, and Xinjiang. This is the fifth logistics financial product introduced by China Railway since 2024, following freight loans, freight certificates, letter of credit settlement, and railway document pledge financing, which have collectively provided over 29 billion yuan in credit financing. The 'Railway Freight Bill' allows customers to use bank acceptance bills for financing, replacing immediate cash payments with deferred bank bill payments for up to six months. Customers apply online via the 95306 platform, and railway enterprises can discount the bills with banks to receive cash payments. China Railway states that this product matrix, covering loans, certificates, and bills, offers customers flexible financing options to optimize cash flow and reduce costs, supporting the real economy and lowering logistics costs nationwide.
China Railway Launches Bill Payment Product to Ease Cash Flow for Freight Firms
China State Railway Group (China Railway) has introduced a new financial product called 'railway freight bills' (铁路运费票), completing a five-product matrix for railway logistics finance. The product allows freight companies to pay railway transport fees using bank acceptance bills instead of immediate cash, addressing the pain point of 'needing to ship but having tight cash flow.' All operations can be completed online via the 95306 platform. Since 2024, China Railway has partnered with 14 commercial banks to launch four types of logistics financial services, with total credit exceeding 290 billion yuan. The five products now include freight loans, freight letters of credit, letter-of-credit settlement for goods, railway document pledge financing, and the new freight bills. A China Railway official explained that each product serves different needs: freight loans are credit-based for companies with good shipping records; freight letters of credit enable deferred payment for large-volume shippers; letter-of-credit settlement handles goods trade between buyers and sellers; document pledge financing allows companies to leverage in-transit goods; and freight bills suit companies familiar with bill instruments seeking flexible settlement periods. China Railway stated it will continue to enrich the product supply to help reduce overall logistics costs and support the construction of a unified national market.
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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.
Read sourceChina 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.