Hua Xia Bank Nanjing starts logistics finance platform

THE NANJING Branch of Hua Xia Bank has launched a logistics finance platform.@FAXTEXT =The new platform is intended to apply financial tools to generate added value for logistics firms in the area.

In the past, companies used fixed assets such as real estate and cars as mortgage loan collateral with the banks, but the new logistics finance platform from Hua Xia Bank means that companies can now also use raw materials or products as mortgage collateral, Xinhua reports.