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‘Bridge loan’ helps reduce enterprises' burden
Updated: 2018-08-24    Source: Zhongshan Daily Large Medium Small Print

In the first half of the year, Zhongshan’s added value of financial sector reached 10.539bn yuan, accounting for 6% and 12% of gross regional production and the added value of the tertiary industry respectively, according to Zhongshan Financial Bureau.

Reportedly, Zhongshan has established a 1.5bn yuan fund for “bridge loan” service that can help enterprises resolve financial problems and reduce capital cost. In the first six months of the year, local enterprises had obtained 7.731bn yuan “bridge loan” and cut 116mn yuan financial costs.

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