LENDING & CREDIT | Cesar Tordesillas, China
Published: 10 Aug 11

ICBC supports private SMEs in Beijing

ICBC Beijing signed cooperation agreements with Beijing Federation of Industry & Commerce and Beijing Municipal Private and Individual Economy Association to provide financial support to the non-state-owned SMEs in Beijing.


The signing was held during the "2011 Capital Financial Service Week for Non-state-owned Economy", which was attended by nearly 400 enterprises and individual industrial and commercial households.

The event is a bridge between the party, government and the private enterprises and one new measure launched by Beijing Federation of Industry & Commerce in 2010 to help the SMEs access bank loans and promote the growth of Beijing economy.

ICBC Beijing has co-sponsored and participated in the event for the last two years in succession. As a result, the Branch has made a successful attempt in helping non-state-owned enterprises re-orient their business, address their shortage of funds and promote their growth.

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Tags: SME loans


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