Yiwu Set Up Office of Venture Enterprises to Overcome Difficulties for Enterprises

Recently, Yiwu has set up an Office of Venture Enterprises and set aside a hundred million RMB on-lending funds as circulation funds for the enterprises that for the time being are unable to pay their loans when their loans are due so as to avoid the split of their capital chain.

It is learned that enterprises that can obtain the help from the Office of Venture Enterprises in Yiwu should satisfy the following conditions: they have good development potentials and stable principal businesses although they face a split of capital chain because of providing external guarantee and implementing the contract; or they will trigger a chain of reactions and cast great influence on the trade and the leading local enterprises because of their large sum of remaining financing from many banks and their complicated financing chains; or they have prominent and normal principal businesses, but have difficulties in capital turnover.