Related News
Proposal asks state to provide loan guarantees for SMEs
March 5, 2010, Friday
|
Print Edition
Print Edition
ZONG Qinghou, Chairman of Wahaha Group Co
The government should provide guarantees to make it fair for small and medium-sized enterprises to get loans from banks or loan firms, Wahaha Group Chairman Zong Qinghou said in a proposal submitted to the annual session of the National Committee of the Chinese People's Political Consultative Conference this year.
Zong said although SMEs have been playing a leading role in China's economic expansion and have created a huge number of jobs, they are long battered by difficulties getting loans, which curb their further development. Banks and loan companies are still reluctant to lend to SMEs, compared to big state-owned companies, due to higher risks involved and the lack of guarantees for SMEs.
"The government has to shoulder more responsibilities in helping SMEs cope with this problem," Zong said in the proposal.
The government should provide guarantees to make it fair for small and medium-sized enterprises to get loans from banks or loan firms, Wahaha Group Chairman Zong Qinghou said in a proposal submitted to the annual session of the National Committee of the Chinese People's Political Consultative Conference this year.
Zong said although SMEs have been playing a leading role in China's economic expansion and have created a huge number of jobs, they are long battered by difficulties getting loans, which curb their further development. Banks and loan companies are still reluctant to lend to SMEs, compared to big state-owned companies, due to higher risks involved and the lack of guarantees for SMEs.
"The government has to shoulder more responsibilities in helping SMEs cope with this problem," Zong said in the proposal.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
