SMEs Mutual Cooperation Association Set up

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Category: Governmental News

Published: Tuesday, 02 October 2012 15:03

The launch ceremony of the Ningbo Small and Micro-sized Enterprises Mutual Cooperation Promotion Federation was held at the Nanyuan Universe Deluxe Hotel on Sept. 26. Municipal CPPCC Vice Chairman Hu Jianyue, municipal CPPCC Vice Chairman Cui Xiuling and Li Yunshan, assistant president of China Minsheng Banking Co., Ltd attended the ceremony. 
The Association is a non-profit social group jointly initiated by The Municipal Federation of Industry and Commerce (Chamber of Commerce), Ningbo Branch of Minsheng Bank, small and micro enterprises in Ningbo Mutual Assistance Co., Ltd.. The Association will set up six operation platforms of mutual cooperation fund, Mutual Aid Working Capital Fund, the information-sharing, special favorable service, deal matchmaking platform, government support platform to support small and micro businesses of Ningbo in an all around way. Currently, it has 165 member companies. 
The meeting elected the first council meeting of the Association and Sun Hongying, party secretary of Ningbo Branch of Minsheng Bank, was made the president of the first council.  Sun Hongying made the commitment at the meeting that the Minsheng Bank Ningbo Branch will free up 30 million of credit to promote the mutual cooperation of the SMEs and increase the loans for them.