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| Beijing City Bank Provides Green Financing Channel |
| Editor: Source: 2002-05-13 |
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Yan Xiaoyan, president of Beijing City Bank, introduced recently the Bank¡¯s green channel of convenient financing for small- and medium-size enterprises, in an effort to break the bottleneck of difficult financing for such enterprises. Last year Beijing City Bank launched the ¡°Mini-giant Plan¡±, offering priority for the funding requirements of quality small- and medium-size enterprises, as well as their loan limit, grant time, mode of loan use, plus favorable interest rates. The Plan also gives more loans to hi-tech enterprises, enterprises endorsed by industry policies and those backed by professional guaranty companies. Small- and medium-size enterprises account for over 90% of the Bank¡¯s total loan clients with aggregate loan amounting to RMB60 billion yuan. (Source: People Daily)
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