Yesterday, Bank of Communications and co-organized by Fudan University in Hangzhou, “SME Growth Advisory Council.” Press from the meeting was informed that the first half of the Bank of Communications through innovative financial services in small and medium enterprises, small business loans increased 50.34% than the year, net increase of 1.58 times over the same period last year; credit increased 40.65% over the beginning of the number of households, net amount of 1.86-fold over the same period last year; online loans outstanding increased 61.46% than the year, net increase of 1.74 times over the same period last year. Not only was a better economic efficiency, and full recognition of all sectors of society.

It is reported that this seminar is the Bank of Communications and Fudan University has set up an inter-disciplinary research team, carried out by the 5th SME development issues seminar. At the meeting, from the Zhejiang Financial Office, Zhejiang SME Bureau, the Central Branch of the People’s Bank of Hangzhou, Zhejiang, Banking Bureau, Ministry of Finance, accounting experts, as well as some SME depth discussions on “How sized Enterprises” ”How to help SMEs expand channels for direct financing” and other topics, and introduced a number of SME Bank to promote innovative new financial services.

Pay small business credit line, said general manager Wang Xuewu solve the financing problem of SMEs need to Commercial Bank of innovative products and services. In this regard, the Bank made active exploration, launched a “small business account overdraft,” “small business installments,” “One-stop business,” and a series of innovative products and has a certain advantage. Next, Bank of Communications will be relying on the Internet, IT-supported product innovation to further strengthen and fully revitalize the company claims, the right goods, property, intellectual rights and other kinds of assets, the maximum to meet the financing needs of SMEs.