Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Industry

China launches national credit service platform to facilitate SME financing

September 25, 2019


Abstract : China officially launched a national credit service platform www.celoan.cn to facilitate small- and medium-sized enterprises (SME) financing Tuesday on the Forum for Credit System Construction of Chinese Cities held in Jinan, capital of Shandong Province.

JINAN, Sept. 25 (Xinhua) -- China officially launched a national credit service platform www.celoan.cn to facilitate small- and medium-sized enterprises (SME) financing Tuesday on the Forum for Credit System Construction of Chinese Cities held in Jinan, capital of Shandong Province.

The establishment of the platform represented China's vital efforts to innovate credit information application and financial services so as to help solve the difficulties and high costs issues in SME financing, said Zhou Min, head of the national public credit information center under the National Development and Reform Commission (NDRC).

According to Zhou, the platform boasts three typical features including functioning as a vital hub for SME credit information exchange and sharing, pooling various credit services and credit-based innovative lending products for one-stop financing services and being a comprehensive credit service system open to the whole country.

Currently, the 1.0 version of celoan.cn has completed technical development and already been tested in some cities. By far, 197 Chinese cities have opened accounts on the platform and about 30 financial institutions and over 20 credit service providers also planned to open accounts.

More cities and financial institutions are welcomed to enter the platform to ease the financing needs of more SMEs and better display the value of credit information, Zhou stated.

Held annually, the Forum for Credit System Construction of Chinese Cities is a national high-end forum guided by NDRC, the country’s top economic planner. Sponsored jointly by Xinhua News Agency and Jinan Municipal Government, this year's forum is organized by China Economic Information Service and Jinan Development and Reform Commission with "Credit wins the future" as its theme. (Edited by Duan Jing, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: SME Celoan.cn

Reading:

Eataly, the Suning platform option to land on the Chinese market

MOI cooperates with 13 investment partners on implementing InnoSpace (Thailand), aiming to improve Thai startups' global competitiveness

China's steel output accounts for 50pct of world's total, association

DFT and the Federation of Thai SME to enhance Thai SMEs' global competitiveness together

Altmaier grants approval for SME joint venture

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial