SPG's two subsidiaries, Qingdao Port and Financial Holding Co., Ltd, collaborated on Feb 16 to launch 2022's first cash pledge financing service for the soybean industry, which assisted a meat product processing organization in Weifang city with a loan of 40 million yuan ($6.33 million).

SPG's overall coordination advantages of quick response and excellent cooperation were on display when the business was launched. When Financial Holding Co., Ltd learned of its customer's problems, it acted fast and devised an exclusive solution.

It will help revitalize ports' resources and drive the upgrading from traditional loading and unloading services to comprehensive services involving logistics, supply chain, and financial management as SPG's first soybean cash impawning supervision business. This has improved customer interaction even more, and it will improve the outcome of the coordination of commercial, logistical, financial, and information variables.