Guiyang company invests more into private enterprises

The signing ceremony for strategic cooperation agreements on high-quality development of private enterprises was held in Guiyang on Dec 2. 

The Guiyang Federation of Industry and Commerce, State-owned Guiyang Industrial Development Holding and China Construction Bank Guiyang Hebin Sub-branch will serve and support this cooperation deal to help further development and increase support for the real economy.

The 20 strategic cooperation agreements that were signed at the ceremony involve capital, investment promotion, guarantees, entrusted loans and other aspects. The worth of the guarantee cooperation projects alone is 170 million yuan ($24.36 million).

"Today, we have reached cooperation with Guiyang Industrial Development Holding, which has injected 10 million yuan in guaranteed loans into our company, relieving our liquidity pressure," Jiang Li, general manager of Guizhou Hangrui Technology Co, said.

Liao Lei, general manager of Guiyang Industrial Development Holding, went on to state that Guiyang Industrial Development Holding boasts 18 funds, with a total scale of about 18 billion yuan. It has also invested over 4 billion yuan into 115 private enterprises.

The holding will continue to carry out cooperation with the municipal federation of industry and commerce, major chambers of commerce, and financial institutions in park construction, industrial investment and other aspects.