---
title: "QiaoYin announced the progress of its application for a loan and guarantee of nearly 450 million from SPD Bank"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257323036.md"
description: "QiaoYin City Management Co., Ltd. applied to SPD Bank for a working capital loan of no more than 450 million yuan, with a term of no more than 12 months. The holding subsidiary Shaoguan Qiaokai will provide a joint liability guarantee of no more than 450 million, while the wholly-owned subsidiary Duyun Qiaoying will provide a pledge guarantee of accounts receivable of no more than 665 million. The announcement shows that the total balance of external guarantees by the company and its holding subsidiaries is 1.926 billion, accounting for 79.06% of the net assets in 2024"
datetime: "2025-09-15T08:55:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257323036.md)
  - [en](https://longbridge.com/en/news/257323036.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257323036.md)
---

# QiaoYin announced the progress of its application for a loan and guarantee of nearly 450 million from SPD Bank

QiaoYin City Management Co., Ltd. announced the progress of applying for a comprehensive credit limit from SPD Bank Guangzhou Branch and handling accounts receivable pledge credit business. The company plans to apply for a working capital loan of no more than 450 million yuan, with a term of no more than 12 months. The holding subsidiary Shaoguan Qiaokai intends to provide a joint liability guarantee of no more than 450 million yuan, and the wholly-owned subsidiary Duyun Qiaoying plans to provide a pledge guarantee of no more than 665 million yuan in accounts receivable, with the controlling shareholder providing a gratuitous guarantee. After this guarantee, the subsidiary's guarantee balance for the company is 656 million yuan, with a remaining limit of 916 million yuan. As of the announcement date, the total external guarantee balance of the company and its holding subsidiaries is 1.926 billion yuan, accounting for 79.06% of the net assets in 2024, with no overdue or abnormal guarantee situations

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