Beijing SMEs Credits Re-guarantee Co., Ltd Actively Participates in Establishment of a Financial Service Platform for Culture and Creativity
In close cooperation with Beijing Municipal Office of Supervision and Administration of State-Owned Cultural Assets and relevant institutions, Beijing SMEs Credits Re-guarantee Co., Ltd has been actively participating in the establishment of local financial services network platform for culture and creativity since March 2017, which undertakes such tasks as preliminary design of creditor financing business unit, initial review and allocation for late projects, liaison with financial institutions, etc. Under the guidance of Beijing Municipal Office of Leadership Group for Cultural Reform and Development, this platform is jointly set up by Beijing Municipal Office of Supervision and Administration of State-Owned Cultural Assets in conjunction with public and comprehensive cultural and financial services system of Beijing Municipal Bureau of Finance. It will act as the Government’s public service supplier. In initial phase, it will be open to culture and creativity enterprises and all kinds of institutions free of charge, effectively reduce the financing cost through efficient fundraising and financial support, and effectively help enterprises resolve the problems of “financing difficulty, slow financing and high-cost financing”. During the trial operation of this platform, creditor financing business unit of Beijing SMEs Credits Re-guarantee Co., Ltd received 13 financing applications, and granted three loans with total amount of RMB8.3 million, which was widely praised by financing enterprises.