E-Town Financing Guarantee acts to help coronavirus control
Beijing E-Town International Financing Guarantee Co -- also called E-Town Financing Guarantee -- is supporting the development of companies based in the Beijing Economic-Technological Development Area that have been infected by the outbreak of the novel coronavirus, according to BDA officials.
As of the end of February, E-Town Financing Guarantee had helped over 110 enterprises, including 30 enterprises in the BDA. They needed support on financing for epidemic prevention, rescue and living services, and in response the company launched one-to-one financing services.
BDA officials said that at the same time, it has focused on strengthening its financing support for key enterprises in Beijing.
Over the past month, E-Town Financing Guarantee has completed approvals of key projects worth more than 200 million yuan ($28.83 million), reducing the cost of corporate guarantees by about 45 percent, reducing or waiving guarantee fees of more than 1.1 million yuan for enterprises -- and acted to support the stable development of small and medium-sized enterprises.