SOEs, bank help enterprises invest in Guiyang, Guian

A signing ceremony marking further cooperation between Guizhou Zhaoshangyi Technology Service Co, Guizhou Kejin Small Loan Co, Guiyang Technology Financial Investment Co – all subsidiaries of State-owned Guiyang Industrial Development Holding Group – and Guiyang Bank was held in Guiyang, capital city of Southwest China's Guizhou province, on May 19.

From that date, Guiyang Bank said it would provide credit of 2 billion yuan ($284.88 million) for enterprises investing in Guiyang and Guian New Area recommended by Guizhou Zhaoshangyi Technology Service Co. At the same time, Guizhou Kejin Small Loan Co would provide small and micro loans for these enterprises.

The cooperation among the four sides aims to jointly promote financial assistance to the development of Guiyang's real economy and build a first-class business environment in Guiyang and Guian.

"We will give full play to the role of the market-oriented mechanism of our company, solve the problems of difficult and expensive financing for small and medium-sized enterprises, and increase investment confidence for enterprises landing in Guiyang and Guian," said Cao Yang, general manager of Guizhou Zhaoshangyi Technology Service Co.