CHONGQING (CQNEWS) -- According to news released on 19th November, Chongqing SME Investment Union has now been officially founded. It will function as a platform connecting small and medium sized enterprises with financing institutions, relieving the difficulties in financing confronted by SMEs.

The union is a nonprofit organization that boosts collaboration with banks and provides services concerning investment to enterprises, coordinating industrial cooperations. It is composed of financial institutions in banking, security, investment and financing, as well as enterprises in relevant industries.

The union is set to establish three databases; for financing projects, financial investment service institutions, and SMEs in Chongqing respectively, facilitating the connection between banks and SMEs online. Meanwhile, the union will also set up a financial service centre, risk investment commission, private placement centre and training institutions, inviting the participation of financial, risk investment and financing experts. The institution will search for promising projects home and abroad for its member SMEs and help them expand their financing channels. (Translated by Chen Siyan, Fathom Language Limited)