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Government purchasing aids high-tech companies
By Gong Weibin and Xiao Yun |
May 30, 2009, Saturday
|
Print Edition
Print Edition
MINHANG'S small- and medium-sized enterprises are benefiting from district loans and contracts, especially to buy their high-tech products during the global economic downturn.
Government departments recently signed contracts with nearly 100 local enterprises worth 236 million yuan (US$35 million) in high-tech products. The deals were sealed at the district's Financial Service and Government Purchasing Promotion Fair.
The city's first financial service consulting team for high-tech companies was also set up, the district said. The team is comprised of 62 finance experts from 22 banks. The consultants will work with the district's 205 high-tech companies, providing customized financial management service and fundraising plans.
In the first quarter, Minhang enterprises received 8.25 billion yuan in bank loans to ease the financial pressure.
"Minhang is doing the right thing and the government purchasing is a good example for others to follow," said Tu Guangshao, vice mayor of Shanghai.
Local enterprises welcomed government purchasing.
"This can help us expand the market, improve sales, and it encourages us to development new products," said Wang Qichang from the Shanghai Konglong Clothing. "We value the opportunity the government provides us."
Government departments recently signed contracts with nearly 100 local enterprises worth 236 million yuan (US$35 million) in high-tech products. The deals were sealed at the district's Financial Service and Government Purchasing Promotion Fair.
The city's first financial service consulting team for high-tech companies was also set up, the district said. The team is comprised of 62 finance experts from 22 banks. The consultants will work with the district's 205 high-tech companies, providing customized financial management service and fundraising plans.
In the first quarter, Minhang enterprises received 8.25 billion yuan in bank loans to ease the financial pressure.
"Minhang is doing the right thing and the government purchasing is a good example for others to follow," said Tu Guangshao, vice mayor of Shanghai.
Local enterprises welcomed government purchasing.
"This can help us expand the market, improve sales, and it encourages us to development new products," said Wang Qichang from the Shanghai Konglong Clothing. "We value the opportunity the government provides us."
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