SMEs (Small and middle sized enterprises) no longer need to worry about the temporary cash-flow problem. Yesterday, as the "Interim measures for emergency working funds of Yichang City-level SMEs" published by municipal government recently. The arranged 200 million RMB emergency working funds from industrial funds by the Municipal Finance Bureau will be used to help the enterprises arising temporary cash flow difficulties but with normal production and operation, good market prospects to repay and renew loans on time.

　　According to regulations, emergency working funds borrowed should not exceed three workdays in principle, and it can be used only for repayment of enterprises and temporary turnover of renewal business and not for any other purposes like compensating financing gap.

　　According to another report, the loan target of emergency working funds is commercial banks, not the enterprises. When the bank is on behalf of enterprises to borrow emergency working funds, the written application, the commitment of renewal and the bank receipt of a loan should be provided. Implementing the compensation for the use of emergency, the enterprises borrowing loan should pay expenses according to benchmark lending rate over the same period published by People\'s Bank.

　　The Municipal government authorized the Municipal Bureau of Finance to be responsible for the regulation of emergency working funds, and to entrust Yiling State-owned assets company to be responsible for the specific operation and management of emergency working funds. Yiling State-owned Assets Company implements unified loan and repayment and one-year liquidation to the Municipal Finance Bureau. Loan banks should promptly return the borrowed emergency working fund in principle, and also synchronously handle loan and repayment procedures. In case of overdue return, Yiling State-owned Assets Company will punish loan banks on a daily additional 1.5% interests on arrears and implement legally clearing and recovering. In case of overdue more than 30 days, the loan banks will be included in the list of dishonest enterprises by the Municipal Finance Bureau and no longer enjoy the financial capital of deposit and municipal appraisal award.

　　In addition, if those loan banks support corporate finance through emergency working fund and the credit limit is to reach a total of more than 100 million RMB, the city government will assess and award loan banks according to the amount of new loans to SMEs in the annual assessment and encouragement to banking institutions by the Municipal government. (Reporter: Pei Shujing, correspondent: Yang Ming)