China Yibai United Guarantee International Holding Inc (CBGH)

[themostsquirrels]

China YiBai United Guarantee International Holding Inc. is an emerging Chinese company that provides innovative financial services for small and medium enterprises (SMEs) in China.
The company's services include equity financing, asset management, and multi-level domestic and overseas capital market listings.

Here are some interesting links, followed by excerpts:


http://www.f-paper.com/?i1126752-Guangxi:-a-multi-pronged-development-of-SMEs-%22escort%22

"Autonomous Industry and Information Technology Commission has developed the <<2012 Guangxi Guiding Opinions of SMEs>> made in this year, 14 cities in Guangxi SME Service Centre will be built in accordance with 'Government support intermediaries, intermediary service enterprise' principles of management consulting for SMEs, policy and law, market intermediaries and personnel training company much-needed services, while encouraging and guiding the field of private capital investment guarantees, guarantees for SMEs to enhance services."



http://english.sina.com/china/p/2012/0108/429770.html

"BEIJING, Jan. 9 (Xinhuanet) - Chinese Premier Wen Jiabao has urged the nation’s financial sector to do more to support entrepreneurs and industry and strengthen its capability in supporting the real economy."



http://www.f-paper.com/?i1133520-%22Regional-Set-excellent%22-bond-model-to-be-continuous-innovation

"Although in the current 'area set excellent' SME financing the initial phase of this critical and dominant government intervention would be a driving force to support and However, with the subsequent development of this model and mature, still need to become the leading force in the market, rely on market funding and resources to achieve full and effective configuration, it will be China's market-oriented reform and development needs, but also to achieve the Government functional changes in the requirements."



http://www.smbc.co.jp/news_e/html/e100052/e100052_01.html

"TOKYO, January 11, 2012--- Sumitomo Mitsui Banking Corporation (“SMBC“, President: Takeshi Kunibe) announced today that its wholly-owned subsidiary Sumitomo Mitsui Banking Corporation (China) Limited (“SMBCCN”, President: Kazunori Okuyama) has executed a Letter of Intent (LoI) on a collaboration in Renmingbi (RMB) loans to Japanese small and medium sized enterprises (SMEs) operating in China with China Development Bank Corporation (CDB)."



http://www.chinatoday.com.cn/ctenglish/se/txt/2012-01/06/content_418903_2.htm


"Released by the Ministry of Industry and Information Technology, the 12th Five-year Plan (2011-15) for the Growth of SMEs is China's first special plan at the national level focusing on the development of these enterprises.

"Small enterprises should be priority customers for bank credit and should also be entitled to preferential tax policies," Premier Wen stated during his visit to Wenzhou on October 5. "Banks should be more flexible when it comes to the non-performing loan ratio among small enterprises and need to reduce the cost of securing credit," he added."