A third of funds raised by China's SMEs from underground
A survey shows that one third of funds raised by small and midsize enterprises in China come from irregular financing channels.
A survey shows that one third of funds raised by small and midsize enterprises in China come from irregular financing channels.
The amount of export credit insurance China offers to its export and investment overseas is about to exceed US$13bn, 5.5 times the amount three years ago.
China Export and Credit Insurance Corporation (Sinosure), the country's sole export credit agency, has underwritten a total of US$12bn worth of exports from January to November.
Financial Telecom Limited Inc. (Fintel Group) www.fintel.com, announced today that its board of directors has appointed Mr. David Chen to be its CEO, effective immediately. Mr.
China's private small-and medium-sized enterprises (SMEs) have entered a period of fast growth. From 2000 to 2004, the nation saw 44,989 newly emerged such firms, or 34.8 per cent of all enterprises surveyed.
The Shanghai Bureau of the China Banking Regulatory Commission has urged commercial banks and rural credit cooperatives in the city to support the development of three kinds of small- and medium-sized enterprises (SMEs).
China's small-and medium-sized enterprises (SMEs) exporters are expected to have lower business risks in 2005, as the nation's sole export credit agency vowed to lift the insurance cover by some US$8bn.
After more than 25 years of development, China's leasing industry has failed to play its role in social and economic development, instead, it faces such problems as small-scale, being weak and scattered and disordered development.
Mainland manufacturers' determination to succeed in export markets, even at the price of accepting late payments and weak credit guarantees, has saddled them with a worrying new problem - uncollectible debts.
Despite the central bank's recent hike in interest rates, Chinese companies will continue to enjoy low-interest loans when they invest in government-encouraged overseas projects.