China And Thailand Bank Jointly Help Smes Financing

"Financing difficulty" has always been a major problem that plagued small and medium-sized enterprises, especially for SMEs who are in the background of financial crisis.

Recently, reporters learned that Thailand Taihua farmers bank and China Minsheng Bank [4.33 -2.48%] will jointly provide financial services and support for SMEs in China.

It is learnt that this is the first joint venture between China and Thailand's two party financial institutions to develop the domestic SME market. This will first take Shenzhen as a pilot city.

Providing financial services for SMEs has always been the dominant area of Thai Farmers' bank. The Taihua peasant bank, with its resources and experience advantages, integrates the local advantages of China Minsheng Bank to provide financial services for SMEs in China more effectively.

Especially for small and medium-sized enterprises in Guangdong, they will get more convenience and help.

It is understood that Wu Wantong, chief executive of the Thai peasant bank, has been providing financing services to SMEs in China as a strategic direction for the development of Taihua Agricultural Bank in China.

Wu Wantong once said that the difficulty of loans to SMEs is a problem in any country. "Although some companies may have nothing to do with Thailand, we are very willing to provide loans to them."

Yang Jing: editor in charge