Liangjiang Finance Enterprise raises 2.75 billion yuan

Liangjiang Finance Enterprise raised 2.75 billion yuan ($428 million) of capital in the first half of 2015, according to the Liangjiang administrative committee.

Liangjiang Finance Enterprise aims to provide financial services and promote the area's industrial development and industrial cluster. As a financial service platform, it combines different service modes, such as industry and Internet funds, and innovation finance services, to provide Liangjiang-based enterprises with capital guarantees.

"Some medium-small scale private enterprises are facing financial difficulties," said a senior employee from Liangjiang Finance Enterprise. To help resolve the enterprises' need of financing, Liangjiang Finance Enterprise provides tailored solutions. According to senior staff members, the service objectives for the company are generally medium-small scaled enterprises, 70 percent of which belong to the real economy.

In the first half of this year, Liangjiang's finance industry has realized an added value of 11.30 billion yuan, seeing an increase of 23 percent compared to the same period last year.

Edited by Jacob Hooson