Performance to determine SME funding applications
Updated: 2012-08-28 10:33
(China Daily)
|
|||||||||||
Credit finance applications by small and medium-sized enterprises in Zhejiang province will be judged on their previous performance completing government contracts, according to a report by Xinhua News Agency.
The report said in June the local government had established a system of credit ratings for SMEs in the province, and that is being applied to all applications for financing.
The measure, the report said, will be used to score companies, as they apply for funding.
The value of government procurement contracts in Zhejiang province in 2011 totaled 77.8 billion yuan ($12.25 billion) , more than 70 percent of which were signed with SMEs.
China Daily-Agencies
Related Stories
SME manufacturers hammered by European economic slump 2012-08-16 11:06
Zhejiang's first private aircraft firm to take off 2012-08-21 03:04
Five new docks open in Zhejiang 2012-08-17 15:14
SMEs: It's not all about the money 2012-07-10 10:58
SMEs become major force in promoting innovation 2012-06-23 11:18
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |