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China financial product domestic and foreign layouts 2010-03-20 09:43: 00 origins: Liberates net – Liberation Daily (Shanghai) with pasting 0 handsets reads the news

The newspaper news (by Zhang Xiaole) when various banks innovation small and medium-sized enterprise financing product, China bank small and medium-sized enterprise credit department Shanghai Branch yesterday established, “relay loans” and “joint guarantee to unite loan” and other market new products also to present. Meanwhile, China bank\’s another hand reached the international financial transaction, the one breath has promoted more than 60 products.

The China bank small and medium-sized enterprise credit department Shanghai Branch related people in charge said that some new products for industry in scarce variety. Takes “relay to loan” as example, the China bank attempts for the first time with the great wall asset management corporation cooperation, in loan origination after the borrower, when the credit asset satisfies the agreement the transfer condition, loan transfers to asset management corporation, not only reduced the enterprise financing cost, moreover realized the risk to shift effectively. At yesterday\’s founding ceremony, this line and Chinese Great petty loan Company and Zhouning chamber of commerce and Dille electronic transaction market and Waigaoqiao international logistics limited company and other enterprise representatives has signed the cooperative agreement. According to statistics, by the end of last year, the China bank Shanghai Branch Small and medium-sized enterprise loan compared to the same period increased range 37.97%, accounted for each loan balance 41.28%, in the past the additional volume accounted for each loan addition volume 38.62%. The related person in charge said that this year will guarantee at least has one-third additional loan delivery in the small and medium-sized enterprise.

Meanwhile, the China bank looked at the vision to the international presence, promoted has covered more than 60 products the international financial transaction brands. Product supermarket implication international settlement and import-export trade financing, foreign exchange collateral and interstate trade Renminbi settlement and other categories. The characteristic solution included the assist enterprise use many kinds of tool circumvention export transaction risk, for the foreign project contractor and extraterritorial investment to provide the synthesis financial service 8 specific plans. It is known that according to the national ten big industrial promotion plan of promulgation, the China bank first has also formulated the equipment manufacture, the electronic information and other profession service plan.

(This article originates: Liberation Daily)