senior official Xie Bohua said that Asian and Euro

pean countries faced increased challenges over financing after the international financial crisis.

上海乌托邦女神会所”However, Asian and European SMEs have their own advantages and are complementary,” Xie said.

“European countries have a relatively mature financial system, developed financial mar

kets and advanced technology and management, while Asian countries have big market potential and growing innovative capabilities.”上海乌托邦

Liu Qiang, vice-president of the Bank of China, said that it had created a services model for SMEs and c

ross-border SMEs and a special credit approval process responding to the risks and financing characteristics of SMEs.上海乌托邦

Laura Egoli, consul-general of Italy in Guangzhou, said her government had set up increased funding for SMEs, especially th

ose established by women and young entrepreneurs. In 2017, the government provided 45 million euros ($53.4 million) to support SMEs.

上海乌托邦女神会所Ma Xianghui, director general of the SME bureau under the Ministry of Industry and Information Technology, said that to relieve the difficulties involved in SME financing, China would improve the laws governing SME development, promote cooperation between industry and finance, and promote the construction of a credit guarantee system for SMEs.

A total of 28 guests from China, Italy, Croatia, the Philippines, Thailand, Egypt, France, Indonesia and Malaysia shared their opinions at the summit.

上海乌托邦女神会所More than 300 officials from 23 countries and representatives from financial institutions attended the seminar.

The China SME Summit is another highlight of the fair. Its aim is to organize and mobilize society to support micro, small and medium enterprises.上海乌托邦女神会所

With the theme “new thinking, new motivation and new manufacturing,” the summit invited Chinese and South Africa officials, leading economists and representatives of entrepreneurs to exchange views on measures and achievements in supporting SME development.

Small and medium-sized enterprise fair draws eager participation of overseas players

South Africa’s Minister of Small Business Development, Lindiwe Zulu, said: “Many SMEs have pointed out that their growth and sustainability is hampered by a lack of access to markets in South Africa.

“We have made a commitment to facilitate market access for small businesses. Our participation at this year’s (fair) indicates our practical effort to take this commitment forward.”

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