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Inclusive finance steams ahead in Liangjiang
Updated: 2015-07-22
By Ge Jieru, chinadaily.com.cn
As a hub at the intersection of the country's Belt and Road Initiatives and the Yangtze River Economic Belt, Liangjiang New Area has been working on constructing the inclusive finance platform to serve the micro-sized enterprises in recent years.
Inclusive finance is aimed to provide affordable finance services to individuals and businesses, especially for small and micro businesses.
Among the inclusive finance enterprises in Liangjiang, Internet finance enterprises and micro credit enterprises are the most typical.
Hanhua Jinkong Ltd in Liangjiang is China's first micro credit enterprise to have issued corporate bonds of 2.9 billion yuan ($467 million).
Hanhua is currently exploring new ways to break through the single business model of inclusive finance and construct a new inclusive finance system to promote Liangjiang New Area and Chongqing municipality's real economy, according to Zhang Guoxiang, president of the company.
Edited by Jacob Hooson
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