CHONGQING (CQNEWS) -- Tanshi Financial Investment Co., Ltd. of Pacific Millennium Group entered Chongqing market with 472 million US dollars. Tanshi Small-Loan Company in New North Zone, Chongqing Tanshi Financing Guarantee Co., Ltd. and Chongqing Tanshi Financial Leasing Co., Ltd. opened in Liangjiang New Area on April 15, 2011 synchronously.
The 3 companies will meet the financing requirements of SMEs and provide SMEs with more financing channels. The 3 companies have not only improved Chongqing financial service system but also promoted the construction of Chongqing as the financial center in the upper reaches of the Yangtze River.
The added value of financial industry has reached 6.1% of Chongqing GDP and the uptrend continues, according to the Financial Affairs Office of Chongqing Municipal People s Government.
The annual average growth rate of Chongqing loan had ranked the 1st in China for years. The total number of 6 types of innovative financial institutions had reached 283 by the end of 2010. (Translated by Tan Hongxia, Fathom Language Limited)
