Chongqing Civil And Commercial Group Raised 10 Billion Yuan To Help Small And Medium Enterprises

In September 16th, Chongqing held a seminar on helping small and medium-sized private enterprises. It is reported that Chongqing's largest private economy, the civil and commercial group, combined with global financial institutions to raise 10 billion yuan of funds to provide SMEs with debt financing and equity financing and other supporting measures.

　　 Chongqing Chen Wenyu, deputy director of the Chongqing Municipal Bureau of industry and commerce, said at the meeting that 97.36% of the newly registered enterprises in recent years were private enterprises, and the private sector accounted for more than 60% of the total GDP in the city. "However, private SMEs not only have financing difficulties and financing problems, but also have problems such as good projects but lack of long-term financial support." Talking about the difficulties encountered in the development of small and medium-sized enterprises, Chen Wenyu expressed concern.

by Solve Difficult problems, the Chongqing municipal Private Economic Association and the joint civil and Commercial Group officially launched the "10 billion" assistance project.

Wang Jinshan, chairman of the Chongqing Municipal Association of private economy and chairman of the board of directors of the civil and commercial group, said that at present, the project has established a helping mechanism with 7 banks such as the Three Gorges bank, Bank of China and Xingye Bank, and raised 10 billion yuan in the first phase. The private economic association and the civil and commercial group will jointly recommend the high quality and medium sized enterprises to the financial institutions and provide the corresponding guarantee for the loans by the civil and commercial groups. As long as they are a new team with R & D ability and market potential, they all have the opportunity to get support. The main areas of assistance are technology, Internet finance, energy conservation and environmental protection. Health preservation Pension, new materials and new energy and other national strategic emerging industries.