Source: Yiwu sourcing agent Author: Helan Date: 2012-08-27
In June of this year, Zhejiang Province, Department of Finance and the Finance Office of Zhejiang Province, Zhejiang Banking Regulatory Bureau jointly issued the Zhejiang Provincial Government procurement to support SME credit financing pilot approach ", highlight the" integrity of the creation of value "concept, follow the rules of the market, strengthen risk control credit conditions and resources into corporate finance small and medium-sized enterprises to participate in government procurement cumulative formed.
Zhejiang Provincial Finance chief accountant Zhao Limiao said, Zhejiang introduced this way to increase the confidence of SME, to ease SME financing complicated clearance procedures and other issues.
It is understood that the government procurement contracts in Zhejiang Province in 2011 amounted to 77.8 billion yuan, more than 70% of the contract by SMEs successful transaction.
At present, a number of small and medium enterprises like Zhejiang Nader Scientific Instruments Co., Ltd., Zhejiang Jiang Meicheng Digital Technology Group Co., Ltd., has received the first batch of government procurement credit financing. This work will be pushed to the province after approve of the pilot.