OREANDA-NEWS. May 25, 2012. Industrial Bank (IB) Shanghai Branch held bank-enterprise match-making meeting with nine chambers of commerce of Fujian in Shanghai, including Fujian Chamber of Commerce, Fuzhou Chamber of Commerce, Quanzhou Chamber of Commerce, Ningde Chamber of Commerce, Putian Chamber of Commerce, Nanping Chamber of Commerce, Sanming Chamber of Commerce, Zhangzhou Chamber of Commerce, and Longyan Chamber of Commerce. Principals of Shanghai Financial Service Office and Shanghai Representative Office of Fujian Provincial Government and representatives from 100 outstanding enterprises recommended by the above Fujian chambers of commerce attended this meeting.

At the match-making meeting, both the bank and enterprises further made in-depth communication on business demands. The nine Fujian chambers of commerce in Shanghai, serving as an important exchange platform for Fujian entrepreneurs in Shanghai, will give vigorous support to assist IB in providing credit financing services to Fujian SMEs. IB Shanghai Branch will further develop various financial products suitable for Fujian entrepreneurs in Shanghai, and improve and optimize the financial service functions to SMEs.

As the first non-local joint-stock commercial bank branch, of which the head office is in Fujian, settling down in Shanghai, IB Shanghai Branch always pays attention to the development of Fujian entrepreneurs in Shanghai. In the second half of 2011, the branch launched strategic cooperation with Fujian chambers of commerce in Shanghai in an all-round way, with a view to supporting Fujian entrepreneurs in Shanghai to grow stronger. Up to now, the branch has signed overall strategic cooperation agreements with four Fujian chambers of commerce in Shanghai, including Fujian Chamber of Commerce, Quanzhou Chamber of Commerce, Ningde Chamber of Commerce, and Putian Chamber of Commerce, with a total amount reaching RMB 20.2 billion. In the next stage, it will further push forward the work to sign agreements with the other five chambers of commerce. By the end of April 2012, only under the platform of Fujian Chamber of Commerce in Shanghai, IB Shanghai Branch has approved the credit applications of 83 member enterprises, with a total amount approaching RMB 900 million.

Since this year, in order to actively implement the relevant spirit of “Finance Serving Real Economy” put forward at the National Conference on Financial Work, IB Shanghai Branch has attached great importance to the SME businesses and released a range of measures to support the development of SMEs. By the end of April 2012, the branch has extended loans of about RMB 4.8 billion to small-sized enterprises and the effective basic small-sized enterprise customers have outrun 2,100.