Preferential financial activities aid enterprises

Two financial match meetings were held on Sept 25 in Guangzhou’s Nansha district to satisfy the financial needs of local high-tech enterprises and small and medium-sized companies.

At the meetings, the enterprises are estimated to have received a total of 2 billion yuan ($280.51 million) through an innovational mode of “government plus insurance plus banks”.

Over 200 companies and eight high-tech enterprises consulted with the financial institutions about their financial problems at the meetings.

“The government has paid a lot of attention to and taken various measures to support the development of small and medium-sized companies in recent years,” said district leader Li Fangqi.

First, a financial service system based on the market operational mode was set up. The government allocated funding of 30 million yuan per year for the enterprises’ credit enhancement.

Secondly, financial institutions were encouraged to intensify their corporate loan programs. They rolled out new products and services with the help of the government, and had lent a total of 18.94 billion yuan to various companies by July of this year.

In addition, scientific and technological branches of the commercial banks and venture capital guidance funds were set up to support small- and medium-sized sci-tech companies.

Nansha’s financial environment is improving and becoming a fertile source of development and growth for small and medium-sized companies after years of effort.

The 38,000 newly-established enterprises in the district had registered assets valued at 832.38 billion yuan in 2018.