21st Century Business Herald Gave Exclusive Interview to Beijing SMEs Credits Re-guarantee Co., Ltd
Regulations on the Supervision and Administration of Financing Guarantee Companies will come into effect since October 1, 2017. Recently, in view of current over-reliance of guarantee industry on bank funds, 21st Century Business Herald interviewed Qin Kai (Chairman of Beijing SMEs Credits Re-guarantee Co., Ltd). Qin Kai pointed out that the long-term development of guarantee industry should not only adhere to the philosophy of “Government Investment, Policy Guidance, Enterprise Management and Market-Oriented Operation”, but also enhance the work initiative of guarantee companies. Firstly, it is necessary to seize business initiative. Dos and Don’ts of guarantee companies should not be merely dominated by banks. Secondly, it is necessary to establish “ecological circle”. For example, it is advised to utilize financial creditor funds, make use of online loan institutions to solve the problem of funds, etc.