On July 11, 2018, Gubai Lawyer McBerlin and Yu Tsang participated in the aforesaid meet exchanged the opinions about how to solve the problem of financing refer to the middle and small-sized enterprises in Xiang Zhou district. 

At the beginning, we conducted an exchange with Director Jiang Yiwei of the XiangZhou Investment Promotion Bureau, focusing on the issues of "what support policies Zhuhai has for SMEs financing" and "what financial institutions Zhuhai is now mainly supporting except banking institutions". Director Jiang Yiwei said that the bill discount fund will be implemented by the SME Service Center for SMEs. The fund will be provided to the suppliers by the SME service center to solve the problem of enterprise purchasing, so that the fund can get a virtuous circle and form the effect of supply chain finance.

Then we went to the Regional Financial Bureau (Financial Services Center) to investigate how to solve the financing difficulties of SMEs in Zhuhai.

The Director presented that the policy of support for SMEs in XiangZhou District is ‘the Measures for the Management of Loan Risk Compensation Fund for SMEs’ which formulated by the Office of the People's Government of XiangZhou District of ZhuHai on. In order to effectively solve the financing difficulties of SMEs in XiangZhou District, and to promote the effective docking of financial resources and capital requirements of enterprises.The government of XiangZhou District, in cooperation with the banking institutions, establishes a directory of loan cooperation among enterprises in XiangZhou District, using government risk compensation as a means of financing and credit enhancement, and the cooperative banks, in accordance with the cooperation agreement signed with the financial service center of XiangZhou District, grant loans to enterprises of the directory which granting  certain magnified loan. The annual general rules of government risk compensation is 20 million yuan total. Although the district financial service center does not have the function of direct lending to enterprises, it can help enterprises to connect with banks. After understanding and evaluating the enterprises, it can provide suitable banks for them then will play a guarantee role in the middle, for reducing risks, and increasing the confidence of banks and the efficiency of lending to enterprises.

Through this exchange and research, we can feel the concern and attention of the leaders of functional departments to the development of SMEs.