综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Cash-strapped SMEs see dawn break

Updated: 2011-10-17 13:08

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Local self-rescue steps

In answer to Premier Wen's appeal, the Zhejiang provincial government has sent 11 work groups to oversee a bank bailout of private firms suffering from the liquidity crunch.

A total of 25 banks in Wenzhou pledged on Tuesday to increase lending in order to tackle the crisis.

"The government will help those companies that are trapped in the financial crunch but have the ability to survive the difficulties," said Chen Derong, vice governor of Zhejiang province.

Tao Lingfu, head of the Wenzhou branch of the Bank of China, promised the bank would continue to issue loans with interest rates lower than 30 percent to corporate borrowers that are having liquidity problems but able to sustain production.

Meanwhile, local industry associations have also adopted measures to offer financial help.

Zhou Dewen, chairman of the Wenzhou SME (small- and medium-sized enterprises) Development Association, said the association has prepared an emergency fund worth 900 million yuan ($141 million)to help private firms in urgent need of cash to sustain operations.

"The association's member companies would make donations to the fund," he said.

New hope rises for smes

New policies and financial assistance taken by governments seems to be effective and Wenzhou's runaway bosses have chosen to come back.

In the last week, three of more than 90 private entrepreneurs who had gone into hiding in recent weeks to avoid repaying high-interest informal loans returned home.

Hu Fulin, president of the Xintai Group, China's largest eyeglasses manufacturer, fled to the United States from Wenzhou on Sept. 21 to escape a 1.5-billion-yuan debt. He returned to China on last Monday.

"I hope my company can overcome the current difficulties with the government's support," Hu said upon arriving in Wenzhou.

Sun Fucai, board chairman of the Aomi Fluid Equipment Co, Ltd, also returned to Wenzhou on Oct 10.

"I don't want to spend the rest of my life living in the dark," he said.

"I believe my company will get back on track, as the government has pledged strong support in helping me get bank loans," Sun said.

However, officials are mulling over more, concrete measures to solving the debt problem of SMEs in a fundamental way.

The cash shortages are a chronic problem that cannot be solved all at once, Xie Sanming, an official from the MITT, was quoted as saying by the 21st Century Business Herald.

"We hope the government's relief measures can not only pull SMEs through financial difficulties but also boost their industrial transformation," said Yang Xiaoping, chairman of the Zhejiang branch of the China Banking Regulatory Commission.

   Previous Page 1 2 Next Page  

泰兴市| 磐石市| 尼玛县| 太仓市| 阿尔山市| 门头沟区| 长宁县| 田东县| 兰溪市| 杭锦后旗| 新乡县| 汾阳市| 德州市| 福贡县| 吴旗县| 元江| 怀宁县| 大丰市| 青阳县| 淮安市| 巍山| 孟州市| 西和县| 抚远县| 焉耆| 清徐县| 长宁县| 建平县| 成都市| 峨山| 漾濞| 军事| 九龙坡区| 习水县| 武汉市| 丰原市| 阜城县| 靖边县| 辰溪县| 濉溪县| 宕昌县|