Liangjiang Guarantee Company makes 1.3 billion yuan loans in first half of year

In the first half of 2014, Liangjiang Guarantee Company made loans to 102 projects totaling 1.3 billion yuan ($0.2 billion) in a bid to boost the development of small and medium enterprises.

43 of the 102 projects were enterprises and their supporting enterprises, within Liangjiang New Area Which received a total loan amount of 676.6 million yuan, accounting for 52.25 percent of the total.

27 of the 43 projects were related to six key industries in the district, with total loans of 397.1 million yuan, an increase of 15.94 year-on-year.

Specifically, Liangjiang Guarantee Company provided Chongqing Hengyu Huadun New Energy Development Co. with a 15 million yuan loan, boosting its clean fuel industrialization demonstration base construction in Jiangbei district.

It also loaned Huachang Pharmaceutical, and Kyle Cold Chain 25 million yuan and 30 million yuan respectively to solve their financial difficulties.

Additionally, it provided a subsequent development financial plan for Chang'an Qunli Company as well as a loan of three million yuan.

By Huang Pei

Edited by Brian Salter