A financing symposium involving the government, enterprises and banks takes place. It was held on April 27 in the Guiyang Free Trade Zone. [Photo/ftz.guiyang.gov.cn]
A financing symposium involving the government, companies and banks was held on April 27 in Guiyang Free Trade Zone (FTZ) in Southwest China's Guizhou province, according to FTZ officials.
The symposium attracted the participation of nine banks and 25 enterprises. During the event, the banks introduced a variety of inclusive financial products in terms of the cross-border e-commerce and processing trade, which were most suitable for the development trends of the Guiyang FTZ.
In addition, representatives from businesses exchanged views and ideas on specific problems in the financing process. The banks said that they would put forward specific and feasible financing plans, according to the on-the-ground situations being experienced by companies, as well as their financing needs.
Yao Feiyang, a member of the Party Working Committee of the Guiyang FTZ and deputy director of the Guiyang FTZ Administrative Committee, said the zone would be proactive. He said it would set up a financing docking platform for the government, banks and enterprises to effectively solve the problem of asymmetrical information in the process of financing.
Yao indicated that financial institutions should attach importance to inclusive finance, supporting more funds in foreign trade services, infrastructure construction, urbanization, as well as epidemic prevention and control.
He added that companies in the zone should strengthen their communications with financial institutions.
"Enterprises should quickly master the newly launched financial policies, products and relevant processing procedures during the novel coronavirus pneumonia epidemic to seek more financing support for the resumption of production.”
Zhao Yandi contributed to the story.