DALIAN, China, Feb. 5 /PRNewswire-Asia/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH) (hereafter referred to as China YiBai) entered into strategic agreement with Finance Department of Jinzhou District in the city of Dalian. China YiBai succeeded in helping Jinzhou's enterprises into the Chinese capital market in 2009 and is engaged in the Jinzhou's enterprise listing in the American capital markets. China YiBai participated in the Motivating Direct Financing Action Program for Jinzhou's SMEs on Jan. 15, 2010, aimed at establishing a financing platform to help more SMEs into a diversified capital market and to become stronger with the help of Jinzhou's government.
With the profound reform of the Chinese economic system, Chinese small and medium enterprises are becoming an increasingly important segment in the national economy and are now acknowledged by the society as a whole. Additionally, Chinese governments at various levels are increasing support dynamics to small and medium enterprises.
"China YiBai analyses carefully the financing requirements of SMEs in Jinzhou District by means of multiple and multi-channel financial service modes. China YiBai will draw up rational and niche targeted financing plans and carry out the work step by step with the purpose of successful financing. With the positive cooperation of Jinzhou District government, it is forecasted that the financial consultant revenue will have a breakthrough increase compared to that of last year. Meanwhile, capital markets is able to bring energy and vigour into SMEs and stimulate local economic development thus realizing the win-win situation among governments, enterprises and service agents," said Li Li, CEO of China YiBai.
About China YiBai United Guarantee International Holding Inc.
China YiBai United Guarantee International Holding Inc. and its wholly owned subsidiaries focus on providing the financial services for small and medium enterprises. Presently, we provide innovated financial services, using our China Equity Mortgage & Guarantee Alliance Net to provide equity pledge guarantees for Chinese small and medium enterprises. Furthermore, multiple financing services for such public enterprises are included in the innovative financial service. Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd, as the operational subsidiary of China YiBai United, has acquired the qualification of sponsor and market-maker from Tianjin Equity Exchange and specializes in financing and investment services for "High Increase and High Technology" enterprises.
