E-Town Guarantee supports Beijing SMEs by signing to implement revised guarantee fund regs
A speaker at the conference [Photo/etowncapital.com]
E-Town Guarantee attended the signing ceremony of the Credit Guarantee Compensation Funds for Small and Micro-sized Enterprises in Beijing, which was also a policy briefing, held by Beijing Financial Guarantee Fund Investment Group Co., Ltd. on May 27, 2021.
The financial group signed a cooperation agreement with 18 financing guarantee and re-guarantee institutions including E-Town Guarantee to implement the revised "Regulation on the management of Beijing SME Credit Guarantee Compensation Funds”.
As a custodian institution for compensation funds, the group is also an interpreter of the newly revised "Implementation Rules".
After the regulation was revised, the coverage of compensation policies was further expanded which will enable government financing guarantee institutions to better assist SMEs.
The financial group will assist government departments to implement policies such as compensation, rewards and performance evaluations to ensure the regulation's is implemented.
Yang Yang, general manager of E-Town Guarantee, delivered a speech as a representative of 18 financing guarantee institutions.
Yang said that this policy revision relaxes the coverage and application conditions, reflects the current policy orientation, and helps guide guarantee companies to adjust their structure, improve services and innovate service models for SMEs.
In the next step, E-Town Guarantee will work together with the Beijing Financial Guarantee Fund Investment Group, various financing guarantee institutions and re-guarantee institutions, to contribute more to industrial transformation and upgrading and to the development of SMEs in Beijing.