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Shanghai to Issue Collateral-Free & Low Interest Rate Loans to Support Small & Medium-Sized Companies
24th June 2022 | Hong Kong
Shanghai authorities and commercial banks are coordinating to issue collateral-free and low interest rate loans to support small & medium-sized companies, with a series of COVID-19 outbreaks and lockdown affecting residents and businesses in Shanghai, the leading financial centre in China and Asia. The loan program is guaranteed and coordinated by Shanghai Municipal Policy Financing Guarantee Fund Management Center for Micro, Small and Medium-Sized Enterprises, district-level government finance bureaus with commercial banks, with small companies able to apply for loans up to $1.5 million (CNY 10 million) and medium sized companies able to apply for loans up to $7.5 million (CNY 50 million).
“ Shanghai to Issue Collateral-Free & Low Interest Rate Loans to Support Small & Medium-Sized Companies “
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