New services from Yichang RCB (Rural Commercial Bank) such as “supporting farmers and SMEs” and loan guarantee insurance contributed greatly. Until September 15, it has provided over 12.9 billion yuan loans for more than 19,000 farmers and SMEs.

　　Wang Fuwen, chairman of Yichang RCB, introduced that in order to promote retail-type bank restructuring, they have developed themselves as main supporting bank to agriculture and SMEs partner bank, which would bring benefits to local people. With township as a unit, “supporting farmers loans” will set up mutual aid associations to provide loans. It will be initially piloted in Yiling District and then extended to whole city. At the beginning of the pilot, a risk fund of 20 million yuan led by Yiling District Government will be injected and Yichang RCB will provide a loan which is 10 times as it. The maximum single loan is 500,000 yuan. “Supporting SMEs loan” will set up an SME Co-operative Association. Each member will pay 10% of the mutual bond and 1% of the risk reserve. Through recommendation, members volunteering and government check, the SME can receive a maximum single loan of 10 million yuan. In “loan guarantee insurance”, government, bank and insurance companies will be involved in risk-sharing at proportion of 2:2:6. The SME recommended by government can apply for a working capital loan of 3 million yuan without collateral or guarantee.

　　Yichang Bosi Science and Technology Co,. Ltd. once failed a Czech order of 1.5 million yuan due to lack of funds. In April, the company successfully signed a French order of 800,000 yuan soon after it received a 2 million yuan insurance loan from Yichang RCB. (originally published in the 1ST edition of "Hubei Daily" on September 21) (Reporter: Tang Yigui, correspondent: Li Jun, Xu Shuhong)