The Municipal Government of Dongguan received the Financial Stability Award by the Guangdong Provincial Government. The Bank of Dongguan was awarded the second prize entitled, 'Financial Innovation Award', while the Dongguan Rural Commercial Bank and Dongguan Securities were awarded the third prize, 'Financial Innovation Award'.
Previously in 2008, the Dongguan Government has received the Financial Stability Award for its overall stable financial development despite of the complicated national and international economic circumstances.
"The one-billion yuan funding program, which was implemented after the financial crisis, has made great success in 2010. Dongguan Government s financial support for enterprises ranks in the forefront of Guangdong Province," said an official from Dongguan Municipal Bureau of Financial Work. "The Financial Stability Award is surely an acknowledgement for our efforts."
As of December 15, 2010, the one-billion yuan Funding Program for Small and Medium Enterprises and Processing Trade Enterprises has issued about 74.8 billion yuan loans for 1,703 key enterprises in the city.
(By Tan Jing)
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