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Yichang Issued Guidance for Setting up Emergency Revolving Fund for SMEs
2014-02-25 08:09:02

  On February 11, it was learned from the Development Finance Office of Yichang City that Yichang Municipal Government issued Guidance for Further Improving Financial Environment to Promote the Sustained and Sound Development of Economy. The Guidance will be used to direct governments of all levels in Yichang City to raise and set up working capital to help small and medium-sized enterprises (SMEs) which enjoy a comparatively good market prospect and face with temporary cash flow difficulties.

  The Guidance clearly pointed out that government of all levels in Yichang City would be responsible for raising and setting up working capital to help SMEs which enjoy a comparatively good market prospect and face with temporary cash flow difficulties.

  200 million Yuan city-level fund will be arranged from key industry development fund.

  The emergency fund for SMEs in developed regions, counties cities should not be less than 100 million Yuan, and the fund for SMEs in developing regions and counties should not be less than 50 million Yuan. (Reporter Jian Nisi)