Developing financing guarantee companies in Ningbo
- Details
- Category: Governmental News
- Published: Monday, 02 April 2012 13:02
According to a meeting on the work of financing guarantee companies, by the end of last November, Ningbo had proved and established 79 underwriting companies, with its registered capital amounting to 4.191 million yuan. Of the companies, there are 55 companies whose registered capital each reaches 50 million yuan and 12 whose registered capital each amounts to 100 million yuan.
Reportedly, at present, each city, county or district of Ningbo has at least 2 financing guarantee companies. Cixi has 22, Yuyao 11, Fenghua 7, and Yinzhou District 5. The city has 72 companies engaged in guarantee for industrial financing and 7 for agricultural financing. It has 17 guarantee companies of state capital and 62 companies of private funds. In the last year, the amount guaranteed is increased by 61.1%, reaching 24.288 billion yuan, covering 29.68% of the new loans that banks of Ningbo granted to small and medium-sized enterprises. For this figure, Ningbo is in the front of China. The guarantee businesses amount to 14037. The companies guaranteed amount to 10435, increased by 68.8%.
