Source: Yiwu sourcing agent Author: Gary Date: 2009-04-07
Enterprises need funds but cannot get loans, while banks need the circulation but fear the financial loss .The unbalanced relation between economic projects and bankfunds under the depressed economic situation deeply influenced the development of enterprises . Government now becomes the party that both enterprises and banks most trust .Recently, Yiwu municipal government organized a conference for cooperation negotiation between enterprises and banks and for banking products introduction in the spring of 2009.After the careful discussion and negotiation between banks and enterprises, 252 firms signed 270 cooperation agreements with a total credit volume of 14.383 billion yuan, in-cluding an increase of 7 . 922 billion yuan .
Government servedfor business cooperation The conference provided both sides of banks and enterprises a free negotiation pattern . 18 banks set up their own counters and welcomed enterprises to discuss the cooperation projects with them freely . It’s vividly described as a win-win situation of banks and enterprises with the help of government .
Zhu Jianyong, the president of Yiwu Huatong Holding Group, a leading agricultural enterprise in Yiwu, said that they had accredited a fund of 80 million yuan and would invest the fund into the project of‘ham fermentation with low temperature’, which will be put into operation next month.Mr.Zhu said that the cooperation conference organized by Yiwu government is so close to the demands of market and economy, on one hand, it solves the difficulty of getting financial funds and helps small and medium businesses to make through the economic depression, on the other hand, the platform government organized benefits the bankin looking for clients and benefits the cooperation between banks and businesses .
Government’s involvement promotes the confidence Ji Jinpu, vice mayor is in charge of the cooperation conference, told the reporter that the conference is an ever-largest one for the cooperation between banks and businesses . Because of the current economy environment, businesses are lack of confidence and banks are exceedingly cautious .Therefore, the positive action of the government who represents the public authority in the cooperation between banks and businesses is just the performance of confidence .
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