On the morning of August 2, Grand Resources Group was the main sponsor, and Ningbo Foreign Trade Microfinance Co., Ltd., which was established by the backbone enterprises of Ningbo foreign trade industry, was officially listed. Vice Mayor Hong Jiaxiang, Director of Municipal Finance Office Yao Junjun, Foreign Trade and Economic Cooperation Director Yu Danhua, Director of the Ningbo Branch of the People's Bank of China, Song Hanguang, and Director of the Municipal Banking Regulatory Bureau, Ling Gan, attended the opening ceremony. At the ceremony, foreign trade small loans successively signed strategic cooperation agreements with Bank of China Ningbo Branch, China Import and Export Bank Ningbo Branch, Ningbo Foreign Trade Enterprise Association and China Export Credit Insurance Corporation Ningbo Branch. Foreign trade small loans are the first foreign trade industry microfinance company in the country, and will become an important component of Ningbo's local financial organization system to support small and micro enterprises in foreign trade.