With advantages in efficiency, the burgeoning financial industry has been facilitating the development of small and medium-sized enterprises (SMEs) in Fujian.

Through the services of nearly 600 financial institutions, Fujian’s SMEs accessed 79.98 billion yuan ($11.94 billion) worth of financing in the first half of 2017, Fujian Daily reported.

Bonding companies offered guarantee services to help 15,100 SMEs gain 30.09 billion yuan worth of funding.

Small-credit companies released loans totaling 38.81 billion yuan.

Pawnbrokers lent 6.82 billion yuan, and financial leasing companies released 4.26 billion yuan.