Bank of China and Fullerton Investment & Credit Guarantee Co., Ltd. (FICGC) jointly put forward new financing solution for small and medium enterprises. SMEs can get the their guarantee approval in about five days for lending via the fast financing channel, said sources close to the new financing solution. Moreover, SMEs can be granted higher guaranteed financing amount.
Bank of China and Fullerton Investment & Credit Guarantee Co., Ltd. (FICGC) jointly put forward new financing solution for small and medium enterprises. SMEs can get the their guarantee approval in about five days for lending via the fast financing channel, said sources close to the new financing solution. Moreover, SMEs can be granted higher guaranteed financing amount.
The financing solution enables SMEs to pledge their machinery, inventory and account receivable. At present, most commercial banks just allow borrowers to pledge their properties.
Fullerton Investment & Credit Guarantee is a wholly owned subsidiary of Singapore-based Fullerton Financial Holdings, and the latter is a member company of Temasek Holdings, the Singapore government’s investment vehicle.
Fullerton Financial Holdings now holds equities of Bank of China, China Construction Bank and China Minsheng Banking Corp. as strategic investor.
Source: dycj.ynet.com, Trading Markets (press release) – Los Angeles, CA, USA
