Is China Shipping Grain and Oil a State-owned Enterprise or a Private Enterprise?

China Shipping Grain and Oil Group Co., Ltd. was incorporated in Putuo Branch of Zhoushan Municipal Market Supervision Administration on August 27th, 20 14. The legal representative is Yu.

The business scope of the company includes general business items:

Agricultural and sideline products, fuel oil, mechanical equipment and spare parts sales, import and export of goods and technologies, industrial investment, warehousing services (except dangerous goods), waterway freight forwarding.

Company type;

Limited liability company (wholly owned by private legal person)

Extended data

The Export-Import Bank handles foreign exchange options business for Wuhan Zhonghai Grain and Oil Co., Ltd.

Wuhan Zhonghai Grain and Oil Industry Co., Ltd., a large grain and oil processing enterprise, needs to import a large number of agricultural products such as soybeans from South America and other countries every year, and the amount of imported funds is huge. However, in recent years, the fluctuation of RMB exchange rate has brought great pressure and difficulties to the financial budget and fund arrangement of enterprises.

In particular, the exchange loss caused by the downward phase of the exchange rate has greatly increased the financial cost of enterprises, which undoubtedly makes the manufacturing enterprises with meager profits worse. The traditional forward foreign exchange locking business is far from meeting the high requirements of China Shipping Grain and Oil to avoid exchange rate risks.

In view of this situation, The Export-Import Bank of China Hubei Branch took the initiative to innovate and made a new solution for customers to avoid exchange rate risks-US dollar foreign exchange options business. From 2065438 to mid-August, 2007, Wuhan Zhonghai Cereals and Oils Industry Co., Ltd. successfully handled the first foreign exchange option pilot business of $ 1.38 million, which is also a rare financial derivative business in inland provinces, laying a good foundation for customers' subsequent batch business.

People's Daily Online-Exim Bank handles foreign exchange options business for Wuhan Zhonghai Grain and Oil Co., Ltd.

Baidu Encyclopedia-China Shipping Grain and Oil Group has