Macro Economy: Funds for SMEs
(Shanghai Daily)
Updated: 2006-09-30 15:46
The Pudong New Area government yesterday set up a fund of 100 million yuan
(US$12.5 million) to support operation of small and medium-sized companies based
in the district.
Qualified companies can apply to receive loans from the fund operators. There
are more than 35,000 small and medium-sized companies in Pudong, representing
99.7 percent of all the business units in the area, according to government
officials. (For more biz stories, please visit Industry Updates)
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