6th Financial Fair of Middle and Small Enterprises to open

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Category: Governmental News

Published: Wednesday, 02 May 2012 09:15

After the meeting on the work of private enterprises, all related government and associations of private enterprises started to take action to help the middle, small and micro enterprises. According to Ningbo Private Enterprise Federation, the 6th Financial Fair of Middle and Small Enterprises will open on May 17.

At present, the major difficulties for small and micro enterprises are in business establishment, upgrading and financing. In order to widen the financing channels for private enterprises and promote the link of banks and enterprises, Ningbo Bureau of Industrial and Commercial Administration and Ningbo Private Enterprise Federation organized this fair, aiming to provide private enterprises with more convenient financing services. Statistics show that on the fair in the past five years, the intent of financing reached on the spot involves 800 million yuan.

Toady, all the private enterprise federations are doing their best to help enterprises in financing. This year, Cooperated with Beilun Private Enterprise Federation, China Minsheng Banking Corp., Ltd. put a featured product—"common fund". A common fund consists of at least 40 small and micro enterprise owners. A member of the common fund can have a loan with a little amount of security deposit. With the replacement of the individual credit by collective credit, a small or micro enterprise no longer has the problem as they used to have in having mortgage and guarantor