The contract signing ceremony between the Zhejiang Branch of China Construction Bank and Zhejiang Federation of Industry & Commerce was held on July 27 in Hangzhou with an aim to "promote the upgrades of model-transfer and enhance the growth of small and medium enterprises".
The Branch will sign contracts with 34 members of the Federation to offer them a credit line of a total value approximating 2.18 billion RMB yuan. It also promises to provide in the next three years financing support of no less than 35 billion RMB yuan to the small and medium enterprises with a membership from the Federation.
