Beijing Capital Guarantee Releases CSR Report for Its 20th Anniversary
On December 1, Beijing Capital Guarantee hosted a press conference for its corporate social responsibility report and inclusive financial product marking its 20th anniversary and signed the contract with China Industrial and Commercial Bank Beijing Branch on the newly launched E-Guarantee product.
Founded in 1997, Beijing Capital Guarantee is the oldest state-owned financing guarantee company in Beijing with strong support from local governments at the municipal and district levels. As of September 2017, its assets had totaled RMB4.87 billion and net assets RMB3.105 billion. Over the two decades, it has been committed to providing guarantee services for micro enterprises and small- and medium-sized enterprises (SMEs) and has introduced the one-of-a-kind dual-management mode featuring “registered capital + government trusted fund”. It has 16 branches in all districts and counties in Beijing, and partnered up with over 30 banks. As of September 2017, it had guaranteed for loans worth over RMB250 billion for nearly 30,000 micro enterprises and SMEs.