????REPRESENTATIVES from banks and enterprises discussed how to make full use of the funding of innovative enterprises in a practical way at a promotional meeting between banks and enterprises in Huaqiangbei on Feb. 17. ????The meeting was jointly held by the Huaqiangbei subdistrict office, Huaqiangbei Electronics Chamber of Commerce and Shenzhen Electronics Chamber of Commerce and aimed to facilitate the funding of small and medium-sized enterprises (SMEs). ????“The sales volume of Huaqiangbei reaches several hun dred billion yuan each year with tens of thousands of active micro, small and medium enterprises located here. Bank of China is a big State-owned bank and we are striving to dominate this financial market,” said Ding Fujun, vice president of the Bank of China Shenzhen Branch. ????Ding added that they’ll lower the threshold for the enterprises, making sure that the enterprises can get loans when they need them. ????Director of Huaqiangbei subdistrict office Cai Zhuanwan said that Huaqiangbei is the No. 1 electronics street in China and the innovative ability of the enterprises there is very strong. A large number of innovation and maker projects need funding in order to grow. ????The meeting organized by the subdistrict office aimed to strengthen the relationships between banks and enterprises. ????Liu Rengen, vice director of Huaqiangbei subdistrict office, explained that the meeting helped introduce quality enterprises, including YFL Group, Guofang Science and Technology Ltd., Huazhong General Technology Ltd. and Xingyu Tech Company, to banks. ????The banks have sufficient capital, however, usually it’s not easy for micro, small and medium enterprises to get loans. Huang Jianyue, chairman of Huaqiangbei Chamber of Commerce, said that the services provided by State-owned banks are a bit unapproachable for SMEs while some peer-to-peer lending companies may only require an ID card for a loan. ????To make loans to enterprises, the bank needs to carry out a risk assessment of the enterprise and the problem facing the two sides is how to reach a balance between efficiency, risk and service. (Chen Xiaochun) ???? | 