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Xinhua Silk Road
News for Outlets

China's PSBC, Kingdee Credit strengthen co-op to better serve MSEs

July 08, 2020


Abstract : Postal Savings Bank of China (PSBC), one of China's major lenders, has recently signed a strategic cooperation agreement with Kingdee Credit to better serve China's micro and small enterprises (MSEs), reported by China News on Tuesday.

BEIJING, July 8 (Xinhua) -- Postal Savings Bank of China (PSBC), one of China's major lenders, has recently signed a strategic cooperation agreement with Kingdee Credit to better serve China's micro and small enterprises (MSEs), reported by China News on Tuesday.

In order to further alleviate the financing problems of MSEs, PSBC and Kingdee Credit will combine the capital advantages with the customer resources, and assist MSEs through the unsecured loans.

Facing the novel coronavirus epidemic, PSBC has introduced a number of measures to help MSEs overcome difficulties and ensure their steady development. As of the end of May, the bank has issued over 350 billion yuan of inclusive loans for MSEs, providing them financial assistance for epidemic prevention and control and work resumption.

As the financial technology segment of Kingdee International Software Group, Kingdee Credit uses an enterprises' credit information big data service platform to help financial institutions improve the audit efficiency of risk control and reduce potential credit risk.

In the future, PSBC and Kingdee Credit will continue to combine their advantages to actively explore in the fields of big data, supply chain finance and blockchain, promoting further cooperation to continuously improve the quality and efficiency of financial services for MSEs. (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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Keyword: PSBC MSEs Kingdee

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