Credit construction gives effective support

Taizhou set up “two platforms and one fund” to solve the financing problems of small and micro enterprises. It established the credit information sharing platform gathering 1,100 items under 81 categories of 15 departments such as market supervision, national tax and land tax, which covers 76.82 million pieces of credit information of 570,000 market subjects.

“The platform has become an indispensable tool for all Taizhou’s banks carrying out pre-loan investigation, loan examination and approval, and post-loan management, safeguarding the high efficiency of the financial service,” said a relevant official of Taizhou financial office.

Besides, Taizhou also set up the credit guarantee fund for small and micro enterprises, which mainly comes from government capital and banks’ donations. Taizhou launched a special guarantee financial product targeted at industries and projects supported by government, which effectively solved enterprises’ financing problems.

By carrying out a series of financial service measures, Taizhou has significantly alleviated the pressures faced by its small and micro enterprises and effectively pushed forward their development. “In the next step, we will further push ahead the construction of the pilot area, providing Taizhou’s experience and models for the nation’s deepening financial reform,” Taizhou’s deputy mayor Dong Guibo said.