Financing is one of important functions with which TIFC serves our members. The characters of the financing service are: cooperating with Tianjin government departments such as Tianjin Finance Bureau, Tianjin Banking Regulatory Bureau, TFIC truly exert its functions to be government’s assistant to serve private enterprises; TIFC also keep close contact with finance organization and intermediary so as to bridge private enterprises and them. From 2001, we have solved ￥1.8billion loan for more than 1200 private enterprises. The main ways of TFIC financing service are:
1. Cooperating with Tianjin Finance Bureau, TFIC sets up Tianjin Medium & Small Enterprise Credit Guarantee Center in 9 Oct 2001. Through this center, TFIC supply credit guarantee service for private enterprises that need capital from the commercial bank to enlarge production capability, technology update etc. The principles of the center are: nonprofit, keeping the center fair, open, honest, promised, clean and efficient, strengthening management, controlling risks and operating it while keeping the value of the fund. In the past 5 years, the center has loaned ￥890 million for over 520 enterprise.
2. TFIC singed agreement with banks in Tianjin in order to supply finance service.
(1) In 2002, TFIC signed agreement with Tianjin branch bank of Shanghai Pudong Development bank therefore ￥1billion loan available for loan.
(2) In April 2002, TFIC signed strategic agreement with Tianjin Branch Bank of Shenzhen Development Bank and ￥500 million is available for loan.
(3) In 5 Jan 2005, TFIC signed all-round agreement with Tianjin Branch bank of China Agriculture bank. So ￥85 million were loaned by 5 private enterprises during the meeting. Meantime TFIC also promote 20 branches respectively cooperation between each other.
(4) In 29 Sep 2006, TFIC signed framework agreement with branch bank of China Agriculture Bank and the branch bank loaned 4 million for a private enterprise related sannong (short for agriculture, farmers, country) on the spot for 4 years period.
3. In order to supply finance services for private enterprises, TFIC often host meetings between members and Tianjin Bank Regulatory Bureau, economic committee of Tianjin Committee of National Political Consultative Conference, Finance organization, and intermediary.
4. Participating in the foundation of Bohai Bank, TFIC collects ￥400 million capital from private enterprises to hold 8% shares of Bohai Bank.
5. In order to promote finance system reform of Tianjin Binhai New Area, TFIC as the main host together with Tianjin Municipal Development and Reform Commission, Tianjin Bank Regulatory Bureau and enterprises etc are researching and reasoning private small loan bank and resident block bank.
6. TFIC actively organize part of private enterprises members to take part in the management jobs hosted by Tianjin Property Rights Exchange Center that part of state shares exit while private shares enter.
7. TFIC organizes Tianjin Real Estate Chamber of Commerce who subjects to TFIC to consign Tianjin Northern International Trust & Investment Co., Ltd to release ￥500 million 3 years periodical finance product.
8. In 26 Jan 2007, TFIC co-hosted financing conference for banks in Tianjin and medium & small enterprises. There are 32 enterprises that signed ￥665 million loan agreements with banks during the meeting. Meanwhile there are 513 intending projects worth ￥5.5 billion agreed as well during the meeting.