Szcgc

Shenzhen Small & Medium Enterprises Credit Financing Guarantee Group Co, Ltd.(SZCGC), formerly named Shenzhen Small & Medium Enterprises Credit Guarantee Center, was established on December 28th by the Shenzhen Municipal Government. With 1 billion RMB registerd capital (approximately 150 million US Dollars), SZCGC is the earliest one who has been ranked the highest class of Credit Quality Rating among China’s guarantee organizations. Since the establishment 13 years ago, SZCGC has guaranteed loans of more than 100 billion RMB Yuan to over small and medium-sized enterprises (SMEswhich keeps SZCGC holding the leading position among all financing guarantee organizations in China. SZCGC is also one of the first organizations that were awarded as the Model Organization of SME Financing Service in Guangdong province. In 2011, SZCGC provided guarantee of 20.4 billion RMB to 1,885 SMEs and profit 258 million RMB. The total asset of SZCGC reached 2.5 billion RMB, and the net asset 1.5 billion RMB until September 2012.