Credit support of 7b yuan granted to foreign trade companies
- Details
- Category: Governmental News
- Published: Wednesday, 02 May 2012 09:22
Recently, a promotional activity for 100 developing foreign trade companies has been held in International Convention and Exhibition Center in Ningbo. The program was jointly hosted by the State Administration of Foreign Exchange(SAFE), Ningbo Branch and Ningbo Bureau of Foreign Trade ＆ Economic Cooperation.
More than 120 small and medium-sized foreign trade companies secured credit support amounting to 7 billion yuan from financial institutions, which means a strong financial support for their future development.
The promotional activity belongs to a large-scale SME foreign exchange services program offered by SAFE Ningbo Branch. The move aims to further improve the foreign exchange allocation and step up development of Ningbo's open economy.
