Yesterday, the Company limited by guarantee of Jinjiang was founded.

With the tightening of the state's macroeconomic regulation and control and the tightening of money supply, the financing difficulties of SMEs are further highlighted. Under such circumstances, the establishment of the Company limited by guarantee in Jinjiang is particularly noticeable.

There are more than 5500 small and medium-sized enterprises in Jinjiang. They are the support and foundation of industrial clusters, creating the GDP of 54.6%% in the city, providing more than 95%% jobs. They have become the new force of economic development and the growth source of fiscal and tax revenues.

However, most SMEs are unable to provide effective financing and loan guarantee because of small assets, unclear earnings and unstable cash flow.

Jinjiang Company limited by guarantee came into being.

It was launched by seven party wolf Investment Limited under the strong promotion of the Jinjiang municipal Party committee and the municipal government. As a major shareholder of the Jinjiang municipal investment company, shares of the Hang Lung Building Materials Co., Ltd. and hundred letter Machinery Manufacturing Co., Ltd. jointly established the first small and medium-sized SME credit guarantee institution with a registered capital of nearly 100 million yuan.

The company chose the Jinjiang agricultural cooperative bank, the Jinjiang branch of the Bank of China, the Jinjiang branch of the CCB, the Jinjiang branch of Quanzhou commercial bank as the first batch of cooperative banks, and signed a framework agreement on bank insurance cooperation.

After screening, three enterprises such as Hollywood, Xinchang and Himalaya became the first batch of secured enterprises.