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The First in China! Zhangqiu Establishes a Fintech Demonstration Base with a Government Financing Guarantee Institution as the Platform

Source:The Seanews 07-11-2023 11:25:23

Recently, Zhangqiu in Shandong Province has established a fintech demonstration base with a government financing guarantee institution as the platform.

Zhangqiu will give full play to the advantages of agglomerated financial institutions, optimize its ecology of talent financial service, and participate in the construction of Jinan fintech reform pilot zone. Baiquan New Economy Industrial Park will be further developed by setting up an industry guidance fund of 2 billion yuan and attracting a number of private fund institutions to move in. The Park was approved as a municipal cluster area of private equity investment, and the Private Equity Association of Shandong Province set up a service center in the Park.  At the same time, Zhangqiu will deepen cooperation with Shanghai Technology Exchange to create China's first fintech demonstration base with a government financing guarantee institution as the platform, which has cumulatively served 56 tech firms, evaluated implemented loans of more than 90 million yuan, and provided guaranteed loans of 270 million yuan.