China YiBai Hosted the 2009 Chinese SMEs Investment and Financing Summit in Dalian on June 27
July 02 2009 - 12:57PM
PR Newswire (US)
DALIAN, China, July 2 /PRNewswire-Asia-FirstCall/ -- China YiBai
United Guarantee International Holding Inc. (Pink Sheets: CBGH;
hereafter referred to as "China YiBai") staged the 2009 Chinese
SMEs Investment and Financing Summit On June 27, 2009 ("Summit"),
which could help SMEs develop financing. The summit was held in the
Nikko hotel in Dalian, China and was overwhelmed by the unexpected
high turnout. The original 200-seat meeting room was filled with
more than 300 representatives from hundreds of small businesses.
This highly anticipated one-day summit featured speakers from the
Tianjin Equity Exchange, Deutsche Bourse Group, Barron Partners LP
Chinese Division, Chinese Domestic Private Equity and Bank of
Dalian, along with officials from Dalian Municipal Financial Office
to discuss various aspects of small business equity capital
investing and refinancing. The city of Dalian has more than 100,000
SMEs, which contribute 40% of the Municipal tax revenue, and 57% of
the City's GDP growth. In the aftermath of the global financial
crisis, Dalian SMEs have to deal with the increasing difficulty of
refinancing. From January to May this year, the Treasury department
of Dalian allocated 1.1 billion Yuan to help the SMEs through the
finance crisis. However, SMEs still need more capital injections
not only from the government, but also financial markets. Equity
market capital guarantees and refinancing have opened another
channel for SMEs to acquire additional funds. Adrian Han, Managing
Director of China YiBai, said, "This summit has struck at the core
of the refinancing difficulties faced by SMEs, enhanced the
understanding of the Equity market for the SMEs, and enlightened
the vision and strategic development of the SMEs going forward.
Presently, five firms have been attracted by the Summit and willing
to sign the contract for financing services with China YiBai."
About China YiBai United Guarantee International Holding Inc.
Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd., as
the operational subsidiary of China YiBai, is the first financial
company focusing on equity mortgage loan, an innovative kind of
credit guarantee in northeastern China (including Liaoning
province, Jilin province and Heilongjiang province) for Chinese
SMEs. Meanwhile, China YiBai is also engaged in personal property
management and merger and acquisition. Additionally, China YiBai
also functions as financial consultant about Domestic or overseas
listing. At the same time, Dalian YiBai has acquired the
qualification as sponsor and market-maker from Tianjin Equity
Exchange and is specializing in financing and investment services
for "two-high" and "two-non" enterprises. For additional
information, please visit http://www.yibaichina.com/ . DATASOURCE:
China YiBai United Guarantee International Holding Inc. CONTACT:
China YiBai United Guarantee International Holding Inc.,
+86-411-8253-7032, fax +86-411-8263-1182, Web site:
http://www.yibaichina.com/
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