The
state-owned
bank
will
provide
150m
yuan
($24m)
and
$300m,
says
Yingli,
adding
that
the
agreement
is
subject
to
further
discussion
and
approval.
One
of
China’s
top
tier
solar
module
makers,
Yingli
says
the
funds
will
support
a
‘Hong
Kong
trade
platform’,
bringing
much
of
its
raw
material
purchasing
for
its
four
Chinese
manufacturing
plants
under
one
roof.
Yingli
bought
about
17%
of
raw
materials
through
Hong
Kong
last
year
and
will
probably
increase
this
to
40%
in
2012,
it
says.
The
centralised
purchasing
platform
is
expected
to
leverage
the
firm’s
economies
of
scale
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