Guangzhou authorities are building a “non-governmental financial street”

Guangzhou authorities are building a “non-governmental financial street”. Financial street can be only built in large cities in the world when there is market for loaning or lending. Guangzhou authorities are building a “non-governmental financial street” to offer financing and fundraising services to the city’s small and medium sized enterprises and micro-sized enterprises. The financial street, which is planned to be completed before the end of May, is expected to play an important role in helping to bail out the city’s many of SMEs and micro-sized enterprises that are running in the red deficit because of inadequate funds for expansion and development. In the first stage, the financial street will attract 35 companies and organizations to provide financing and wealth management services. The city government attaches great importance to the financial street. The financial street will be the first that focuses on offering financing and money management services to the small enterprises on the Chinese mainland. New regulations and rules are under draft to further standardize and guide the development of the city’s non-governmental financial and related companies. rnSMEs could find more orders on B2B websites and find financial solutions from the “non-governmental financial street”. SMEs business is expected to boom under such favorable policies and many financial channels. B2B e-business platforms are targeted on helping SMEs to complete foreign trade business. IBUonline is can offer more besides orders, such as small loans service to SMEs. You can go to IBUonline homepage for more details.