[Photo/en.zjtz.gov.cn]

Taizhou is an exemplary area in China for innovation in the field of private economy, which is the most vigorous part and outstanding feature of Taizhou’s economy. The city has three urban commercial banks, Taizhou Bank, Tailong Commercial Bank and Mintai Commercial Bank. This phenomenon in Taizhou is called the “Taizhou mode of financing for small enterprises” by experts in the financial field.