It is learnt that Zhongrongxin Guarantee Co., Ltd. will set up a branch office in Kunming and set up a RMB250 million venture capital fund to provide SMEs with one-stop investment and financing services.

Mr. He Qiu, Yunnan Provincial Party Committee Standing Member and the Party Secretary of the Kunming Municipal Committee said, SMEs are mushrooming in the market economy and the private economy has great room for development and prospects in Kunming, Yunnan. Nevertheless, the financing channels for the regional enterprises are rather poor. In some sense, Zhongrongxin Guarantee can be considered to be the incubator of local SME enterprises. Mr. Chou required the competent municipal departments to closely cooperation with Zhongrongxin Guarantee so as to ensure the successful venture capital fund projects.
      
Zhongrongxin Guarantee is a privately owned national professional financing guarantee company. The company conducted a preliminary inspection in Kunming. This visit to Kunming aims to confirm relevant investment policies and complete the company's registration. Chairman Xiaolin Sun hopes to invest in RMB 100 million as guarantee registration capital by establishing Kunming subsidiary company. Meantime, the company will establish a venture capital fund with RMB 250 million under management. By then, the fund will provide high-tech SMEs with a platform where SMEs can implement a one-stop investment and financing service.