"China Banking and Insurance Times" | Deepening Engagement in the Petrochemical Industry Chain, Inclusive Finance Warms Hearts

(Source: China Minsheng Bank Co., Ltd.)

Editor’s Note

On March 17, the China Banking and Insurance News published an article titled “Deeply Cultivating the Petrochemical Industry Chain, Inclusive Finance Warms People’s Hearts,” reporting on Minsheng Bank Panshan Branch’s deep engagement in the petrochemical industry chain. The branch supports regional economic development with high-quality financial services and practices the mission of inclusive finance. The full text is as follows:

The real economy is the foundation of the national economy, and finance is the vital source nourishing the real economy. Deep roots lead to lush leaves; only when water flows freely can channels be clear. Since establishing roots along the Liao River, China Minsheng Bank Panshan Branch has continuously deepened financial service innovation while strictly adhering to regulatory requirements. It actively integrates into Panshan’s industry development pattern of “built because of oil, thriving because of oil,” using high-quality financial supply to assist regional economic transformation and upgrading, and practicing the original intention and mission of inclusive finance with pragmatic responsibility.

Combining “warmth” and “precision”

Enhancing the quality and efficiency of inclusive development

Qiu Kefe, President of Minsheng Bank Panshan Branch, said: “High-quality development of inclusive finance requires not only expanding coverage and increasing volume but also maintaining risk bottom lines. By 2025, the branch’s inclusive loans will grow by 39.8%, delivering impressive growth results. More importantly, the branch has maintained a record of ‘zero overdue and zero non-performing inclusive loans’ for many years, truly achieving both scale and quality improvements.”

This achievement stems from the branch’s deep integration into the regional industrial ecosystem and the construction of a full-process intelligent risk control system. According to the China Banking and Insurance News reporter, the branch continuously optimizes supply chain data models to ensure that inclusive financial services are both “warm” and “precise.” As of now, the branch’s online inclusive loan products have served over 150 clients, with a total disbursement of 238 million yuan. While expanding inclusive coverage, it also strengthens risk prevention and control, exploring a sustainable and distinctive path for inclusive financial development.

Targeted Solutions to Oil-Related Challenges

On-Chain Empowerment Strengthens Entities

A microenterprise owner supporting the petrochemical industry in Panshan told reporters: “We operate with light assets and lack collateral, making financing very difficult in the past. Last year, we urgently needed pre-financing for raw materials due to a large order, facing huge cash flow pressure. Thanks to Minsheng Bank’s timely recommendation of ‘Petrochemical Fast Loan,’ which requires no collateral and is based solely on our long-term cooperation credit with PetroChina, we received approval in less than one working day, and 3 million yuan was smoothly disbursed. This ‘timely rain’ not only helped us secure the order and stabilize our core partnership but also boosted our confidence and allowed us to grow more steadily and ambitiously.”

As a key base for petrochemical and fine chemical industries nationwide, Liaoning Panshan’s industry chain upstream and downstream is home to many “light assets, quick turnover” supporting microenterprises. Due to a lack of effective collateral, these companies have long faced structural bottlenecks such as difficulty, slow speed, and high costs of financing. This bottleneck not only hampers high-quality regional industrial development but also serves as a critical entry point and focus for Minsheng Bank Panshan Branch’s promotion of inclusive financial services.

Focusing on this regional industry pain point, the branch leverages petrochemical industry characteristics by integrating supply chain finance with petrochemical industry scenarios. Relying on big data to build intelligent risk control systems, it customizes industry-specific credit models and innovates with fully online credit products such as “China Ordnance - Minsheng Benefit Chain,” “Ordnance Fast Loan,” and “Petrochemical Fast Loan.” These products can obtain credit limits in as little as three minutes and are processed entirely online, precisely matching the short, frequent, and urgent financing needs of microenterprises in the supply chain. This fundamentally breaks the constraints of traditional financing models on “light assets” companies and injects new financial momentum into industry development.

Meanwhile, the branch also takes advantage of local customer characteristics, pioneering and implementing innovative businesses like “Communication Fast Loan” and “Order Fast Loan,” continuously enriching inclusive financial product offerings so that innovative results truly benefit more market entities. For example, a local oil product wholesale company benefited from this. When facing a funding gap for procurement and urgent cash flow needs to seize market opportunities, the branch quickly connected and, through the “Petrochemical Fast Loan” product, completed a credit disbursement of 3 million yuan in just three working days, providing timely support to the enterprise, alleviating operational pressure, and helping the company seize development opportunities and operate steadily.

Diversified Extension to Broaden Scenarios

Inclusive Services Warm People’s Hearts

The coverage of inclusive finance requires both industry penetration and widespread benefits for consumer and enterprise development. Minsheng Bank Panshan Branch actively responds to national policies to expand domestic demand, broadening service boundaries. Last year, it extended inclusive financial services to key consumer fields such as home appliances, 3C digital products, and food and beverages, innovating with products like “Minsheng Fast Loan” and other supply chain solutions to boost consumption recovery.

In policy implementation, the branch precisely aligns with the “national subsidy” policy orientation, tailoring “National Subsidy Loan” credit products for participating enterprises, offering up to 5 million yuan in support. By simplifying procedures and improving approval efficiency, it helps enterprises conveniently enjoy policy benefits. By 2025, the branch has launched five “National Subsidy Loans” totaling 17.88 million yuan. Behind this is a vivid practice of government-bank-enterprise collaboration and a true reflection of finance activating regional consumption potential.

Beyond financial support, the branch also focuses on building a comprehensive service system. Relying on the “Minsheng e-Home” service platform, it extends service reach, providing microenterprises with support in human resources management, financial management, and business consulting, helping them accelerate digital transformation, solve operational management challenges, and further enrich financial service scenarios and dimensions. This “finance + services” dual empowerment injects more richness into inclusive finance.

From focusing on individual enterprise financing needs to empowering entire industry clusters, from product innovation to solving pain points to extending service boundaries comprehensively, Minsheng Bank Panshan Branch has always used precise financial water to irrigate the real economy, practicing its original intention of inclusive finance through tangible achievements.

(Source: China Banking and Insurance News)