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Bank of Beijing supports Zhonguancun SMEs
(chinadaily.com.cn)
Updated: 2013-07-23

In May 2011, Bank of Beijing established its first subsidiary bank in Zhongguancun, Beijing. The bank is the first subsidiary-level banking institution in Zhongguancun.

The subsidiary bank has offered loans to more than 4,000 high-tech small and medium-size enterprises (SMEs). The loans totaled 80 billion yuan.

In 2013, 1,500 SMEs in Zhongguancun saw a total loan balance of $30 billion ($4.89 billion). Among these, mini-enterprises with a registered capital of 5 million yuan accounted for 50 percent. The average loan balance for each account reached $1.6 million.

Batches of small and mini enterprises got substantial financial support from subsidiary banks.

Edited by Wang Yifei and Michael Thai

 

Zhang Yiping

Director of the Minor Enterprise Service Center of the BMDRC

 

Yu Jun

President of Zhongguancun Development Group

 

Yu Yang

President and CEO of Analysys International

 
 

Zhongguancun Science Park