Yesterday, reporters learned from Chongqing SME Bureau, in order to effectively alleviate the financing difficulties of SMEs caused by the current financial crisis, Chongqing is ready to take a series of positive measures to expand the financing channels of enterprises through multiple channels.

"Strengthening credit system construction, strengthening cooperation between banks, banks and insurance companies, and exploring the establishment of township banks, rural banks and multi-channel integration of capital resources are all effective measures to cope with the international financial crisis and alleviate the financing difficulties of SMEs."

Ma Faxiang, director of the Chongqing municipal SME Bureau, said that Chongqing currently has 73 Guarantee Corporation, with a total registered capital of nearly 5 billion yuan, and the guarantee amount reached 9 billion 300 million in 1-9 this year.

Chongqing will also add 10 new SME credit guarantee institutions in the year to start a secured loan of 20 billion of the small and medium-sized enterprises, so that the total amount of guarantee will reach 46 billion yuan at the end of 2008.

Chongqing will also vigorously promote the construction of microfinance companies.

It is reported that the city has set up 20 small loan companies, with a total registered capital of 850 million yuan.

Huang Qifan, vice mayor of Chongqing, has explicitly requested that 30 small loan companies will be added in the near future, so that the scale of Chongqing's small loan companies will go up to a higher level.

Zhao Jilin, deputy director of Chongqing SME Bureau, said Chongqing will encourage enterprises to raise funds through direct financing such as stocks and bonds.

At present, the board is actively exploring the issue of SME collective debt. Now more than 30 enterprises have declared their application and strive to successfully issue 1 billion yuan collective debt next year.

Yang Jing: editor in charge