OREANDA-NEWS. August 15, 2011. At the joint event "2011 Capital Financial Service Week for Non-state-owned Economy" held earlier, the Branch has signed cooperation agreements with Beijing Federation of Industry & Commerce and Beijing Municipal Private and Individual Economy Association to provide financial support to the non-state-owned SMEs in Beijing, said ICBC Beijing. The event was attended by nearly 400 enterprises and individual industrial and commercial households, reported the press-centre of ICBC.

As related, the Capital Financial Service Week for Non-state-owned Economy is a bridge between the party, government and the private enterprises and one new measure launched by Beijing Federation of Industry & Commerce in 2010 to help the SMEs access bank loans and promote the growth of Beijing economy. ICBC Beijing has co-sponsored and participated in the event for the last two years in succession. As a result, the Branch has made a successful attempt in helping non-state-owned enterprises re-orient their business, address their shortage of funds and promote their growth.

During last year's event, ICBC Beijing has independently sponsored part of the activities, holding discussion sessions with several hundreds of non-state-owned SMEs about ICBC financing service, as well as settlement, personal banking services. The activities have generated tangible result and were well-received by the participants.

This year's Capital Financial Service Week for Non-state-owned Economy will be held in Haidian district (main venue) and in other sub-venues in parallel. ICBC Beijing Branch will take the event as an opportunity to build partnership with federations of industry and commerce, industry associations in all districts/counties, said an executive with the Branch. Steps will be taken according to plan in the delivery of the Branch's small business financial services to the private sector. Leveraging the brand, outlet, professional team and technology where ICBC Beijing Branch has competitive advantages, the Branch will join hands with federations of industry and commerce to address the shortage of funds in small-and-medium enterprises and help small enterprises grow their business in a healthy, good and orderly fashion.