1、80 traders into the bonded zone, new-type import market and pilot area. (b) The Company has been planning on building a “future market” in the east of the fifth section. It has been planning on developing a global digital free trade center that integrates R the global living hall in the Section E ha
2、s been renovated and will officially open on Sep 1, 2020 according to the schedule. 2 Active fulfillment of social responsibilities (1) Progressive achievements in epidemic prevention and control (a) The Company has developed an epidemic prevention and control system that can be replicated and gener
3、alized. Led by the epidemic prevention and control authority and market authority of Yiwu, the Company has taken precision and intelligent prevention and control measures that are based on standardization, access control, prohibition, patrolling and informatization, built a “Party building + unit” c
4、ombat system and developed an epidemic prevention and control network consisting of three-tier “pyramid” combat units and 1762 minimum combat units to secure global purchase. Those practices have been praised by the leaders of the provincial Party committee and provincial government, and the Ministr
5、y of Commerce has published an article to promote them nationwide. (b) The Company has achieved orderly resumption and stable operation of the Yiwu market. Subject to proper epidemic prevention and control, the Yiwu market has been reopened in a stable and orderly manner in three batches. The first
6、batch of merchants were reopened on Feb 18 and the entire market was reopened on Mar 1. The Yiwu market was among the first markets that reopened in China. On Mar 13, Premier Li Keqiang made a video call to the Yiwu market, praised its resumption and hoped that the market could effectively expand th
7、e domestic demand, make efforts to maintain its share in the global market and become a symbol of Chinas foreign trade. Currently, the market is recovering strongly. The number of daily visits is stably above 100,000, equivalent to around 70% of that during the same period of the previous years, and
8、 the opening rate is higher than 93% among the merchants. The merchants are generally confident. (2) Implementation of enterprise benefiting policies Semi-annual Report 2020 16 / 214 (a) The loan-to-value ratio for booth mortgage has been raised. Since the outbreak of the COVID-19 epidemic, the Comp
9、any has raised the loan-to-value ratio to 100% for booth mortgage. Since the market was opened this year, it has handled 1815 booth mortgage loans with a total amount of RMB1.04bn, further expanding the financing channels for the merchants. (b) Market resumption loans have been offered. It obtained RMB1bn market resumption loans from the Zhejiang branch of the Import-Export Bank at a preferential rate of 3.5-3.9% to support work and production resumption by the merchants in the market, which eased the financing pressure on the mer
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