Source: CCTV.com
11-25-2008 09:02
Special Report: Global Financial CrisisChina's response to financial crisis >>
The China Association of Small and Medium Enterprises has initiated a 3-billion-yuan venture fund to help the country's SMEs raise capital. The fund will be established by the end of this year.
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| The China Association of Small and Medium Enterprises has initiated a 3-billion-yuan venture fund to help the country's SMEs raise capital. |
Other efforts include the joint issue of an SME corporate bond with the northeastern Liaoning provincial government and the founding of a bank with planned registered capital of 10 billion yuan. The bank will provide loans only to small and medium enterprises, which could get as much as 5 million yuan each.
Any industrial company with sales revenue of up to 300 million yuan will be eligible for assistance from the fund and the bank.
Editor:Xiong Qu
