Beijing Sets Up Security Fund for Private Businesses

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Wednesday, August 30, 2000, updated at 18:29(GMT+8)

Business

Beijing Sets Up Security Fund for Private Businesses

A guarantee fund was launched by a local association of private businesses in part of Beijing's districts and counties to help these firms solve the shortage of funds.

Private businesses in the Chinese capital often find it difficult to get loans from banks due to a lack of guarantee.

The establishment of the fund is expected to minimize the risks taken by these companies.


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	A guarantee fund was launched by a local association of private businesses in part of Beijing's districts and counties to help these firms solve the shortage of funds.




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