Launched by the Guiyang Economic and Technological Development Zone (GETDZ), the "Yingke Yipin" financial service platform has introduced four policy loan products successively -- and loaned more than 150 million yuan ($21.96 million) to GETDZ resident companies so far -- according to local media reports on Sept 7.
The zone in Guiyang, capital city of Southwest China's Guizhou province, launched the platform to cover the whole life cycle of enterprises.
The aim of the service platform is to serve the development of the real economy and work to solve the funding problems facing by businesses.
It is a fully functional, efficient and precise industrial financial services system with controllable risks, as well as an industry financial information services platform.
Relevant zone departments and Yingke Yipin platform staff members in the GETDZ have visited businesses to understand in depth the needs of enterprises and they have also launched targeted and diverse types of loan products.
As of July, they had completed a survey of 1,284 enterprises in the zone. According to the needs of different types of businesses, they recommend loans of different amounts and various forms to applicants.
In the future, the zone will continue to launch more policy-related loan products.
It will expand the service's coverage and provide loan interest discounts to enterprises that have obtained policy loan products, so as to further reduce their financing costs and boost the development momentum of enterprises.