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ACFIC Increases SME Financing Platform Pilot Localities

ACFIC has selected Hubei, Liaoning and Shaanxi provinces and Tianjin municipality for promoting a financing platform for small and medium-sized enterprises this year. A training clinic was held at the ACFIC headquarters on February 28 to familiarize the pilot localities with various products, procedures and techniques of the platform.

This program was first tested in Beijing in 2011 as ACFIC, the China Construction Bank and Hanhua Guarantee Co., Ltd. jointly built an expressway for guaranteed money supply for the member enterprises of three ACFIC chambers of commerce.

Officials from the United Front Work Department of CPC Central Committee, ACFIC Poverty Alleviation and Social Service, Hanhua Guarantee, and CCB, as well as federations of industry and commerce and some chambers of commerce of the pilot cities and provinces, attended the training.