Creative Financing Stimulates Growth In Emerging Industries

 

Via china.org.cn

Banking regulators are encouraging commercial lenders to help develop emerging industries, overhaul credit structures and look for new growth opportunities.

In Jiangsu province alone, the banking sector’s balance of loans to strategic emerging industries, such as information technology, biomedicine and high-end equipment manufacturing, reached 469.49 billion yuan ($71 billion) by the end of June 2017, a rise of 12.5 percent since January.

Sujing Electronic Material obtained a 3 million yuan loan over 12 months from the Jiangnan Rural Commercial Bank Co Ltd by using patent rights as collateral.

 

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