| Industry | Bond insurance:loan guarantees |
|---|---|
| Headquarters | Beijing, People’s Republic of China |
About China United SME Guarantee Corporation
China United SME Financing Guarantee Co., Ltd. (hereinafter referred to as China United Guarantee) is a pilot project of the State Council to use foreign capital to establish a guarantee company. It was promoted by the National Development and Reform Commission in July 2012 in accordance with the “Several Opinions of the State Council on Further Utilizing Foreign Capital” Established. The establishment of China Cooperation Guarantee is also an important measure to implement the State Council’s “Opinions on Further Supporting the Healthy Development of Small and Micro Enterprises”, ease the financing difficulties of SMEs, and develop multi-level SME financial services.
The initial registered capital of China United Guarantee was RMB 5.126 billion, which was increased to RMB 7.176 billion in May 2016. The Chinese shareholders of the company are China Baowu Iron and Steel Group Co., Ltd., Haining Hongda Equity Investment Management Co., Ltd., the Export-Import Bank of China, Inner Mongolia Xintai Investment Co., Ltd., HNA Technology Co., Ltd., and HNA Capital Group Co., Ltd. The foreign shareholders are the US JP Morgan Chase Group and Siemens (China) Co., Ltd.
China United SME Guarantee Corporation Contact Details
Address: 17th Floor, Baosteel Building, No. 12, Jianguomenwai Street, Chaoyang District, Beijing
Email: contact@sinoguarantee.com
Phone Number: 010-59010888
