Seven small-loan enterprises at Guangzhou Private Financial Street have passed the review of the small-loan enterprise incorporation expert panel on September 10, 2015.

 

So far the private finance street has 168 private finance and auxiliary institutions, including 57 small-loan enterprises, or 76% of the total of Guangzhou, and 10 Internet-based special small-loan enterprises, and 26 Internet-based financial institutions, gathering RMB20.3 billon of private capital. Enterprises there have provided more than RMB100 billion of loans for 20,000 small and micro enterprises and individuals, an increase of 2.8 times on a year-on-year basis, and paid RMB330 million of taxes in accumulation, up 68.37% YoY, making the street a new economic growth conveyor of Guangzhou.

 

Source: news.sina.com.cn, September 11, 2015