The hottest World Bank boosts small and medium-siz

World Bank promotes small and medium-sized enterprises in Sichuan

● on May 28, the first small and medium-sized enterprise development center established by the world bank in China, the China small and medium enterprise project development center (CPDF), was officially launched in Chengdu. James D. Wolfensohn, President of the world bank, said that CPDF would take Sichuan as the starting point and focus to support the development of many private enterprises in mainland China

● on July 16, Rosen, director of the enterprise bureau of the world bank, arrived in Chengdu and signed a cooperation agreement with CITIC Industrial Bank. Through cooperation with Chengdu Commercial Bank and CITIC Industrial Bank, the world bank is preparing to provide new financial products for small and medium-sized enterprises in Sichuan

● in this financial year from July 1, the International Finance Corporation (IFC) under the world bank plans to invest 65% of its investment in East Asia in China to help Chinese enterprises, especially those in Sichuan and Western China, tap wealth

4.6 billion yuan "Golden Mountain" waiting

liuxuewei, the boss of Ritter company, accidentally found a 4.6 billion yuan "Golden Mountain" and came into the sight of the world bank. Now, he is looking forward to the world bank to help him continue his "billionaire dream"

in September 1999, Baoxing County, Ya'an, Sichuan Province, was known as the hometown of Chinese stone materials at home and abroad. Liu Xuewei, chairman and general manager of Sichuan Baoxing Ruite Stone Co., Ltd., encountered the most surprising thing in his life: he and the relevant experts he invited here found a Shanshui white ore base with mineral reserves of more than 3 million cubic meters and a value of 4.6 billion yuan, which is unique in the world. Immediately, Liu Xuewei, who was good at grasping business opportunities, successfully obtained the mining license and obtained the mining right for 10 years

since October 1999, he has built roads, laid electric wires, and prepared to build construction sites... By May 2001, Liu Xuewei had invested more than 4 million yuan in all his assets to develop this golden mountain, but it was still far from turning the mine into money, and the mining plan had to be completely stopped. In the next three months, Liu Xuewei issued a call for "capital" through various exhibitions, China Stone Industry Association and networks. Although Shanghai Yafan stone company, Shanxi Huada Company and others came to negotiate with Ruite stone company, they failed because their capital strength was too different from the requirements of mining

"last October, boss Liu took the initiative to find the World Bank China small and medium enterprise project development center (CPDF)". On the 17th, Li Yang, manager of CPDF investment department, told that boss Liu's Shanshui white ore base had also attracted the attention of the world bank. In November, the investment officials of CPDF successively inspected the stone project according to the operation procedures of the world bank for project development, formed a project plan and submitted it to the world bank for evaluation and decision

it is reported that boss Liu hopes that according to the mining right evaluation, the world bank can invest about 100million yuan to control the world's largest "Shanshui white" stone base. According to Li Yang, at present, the two sides have not reached practical cooperation. "However, the possibility of cooperation between the two sides is very high. Next, CPDF's investment officials will conduct an in-depth investigation of the project."

build a wealth bridge with us $500million

on May 28 this year, Mr. James D. Wolfensohn, President of the world bank, announced in Chengdu that the World Bank China small and medium-sized enterprise project development center was officially launched. Since then, small and medium-sized enterprises in Sichuan have been paid full attention by CPDF, and Ritter stone is only one of them

it is understood that China small and medium enterprise project development center (CPDF) is initiated by the International Finance Corporation (IFC) under the World Bank Group and directly managed by IFC. The center is funded by the International Finance Corporation and the governments of Australia, Switzerland and the United Kingdom. Its purpose is to reduce poverty by increasing employment opportunities in the private sector and strengthening the capacity of local small and medium-sized enterprises and their service support institutions. Wolfensohn said, "CPDF will take Sichuan as the starting point and focus to support the development of many private enterprises in mainland China"

it is reported that CPDF is the first SME development center established by the world bank in China. "CPDF is located in Chengdu, and the world bank takes this into full consideration," Li Yang said. At present, the main production bases of private enterprises are scattered in Wujing Chemical Industrial Zone in the middle of Shanghai and Shanghai Chemical Industrial Zone in the south, which plays an important role in the economy of Chengdu. The report "emerging private enterprises in China" of the International Finance Corporation has made a special survey and Statistics: since 1992, the number of large private enterprises with a registered capital of more than 5million yuan in Chengdu has reached 260. Among the first batch of 20 private enterprises to obtain direct export rights in China, Chengdu accounted for 5. CPDF's services for small and medium-sized enterprises mainly include: providing financing channels; Provide technical assistance to Sichuan banks to launch new financial products; Prepare financing instruments for small and medium-sized enterprises to share risks; Provide direct assistance to small and medium-sized enterprises; Provide enterprises with access to new capital. "Figuratively speaking, the work of the world bank is to build a bridge between small and medium-sized enterprises and wealth"

according to Li Yang, the fund invested and initiated by IFC is named "Sichuan SME Investment Fund". Among them, the International Finance Corporation provided $5million, and New York Life and Norwegian government departments provided a total of $12million. In 1996, the world bank made its first investment in Sichuan. So far, it has provided a total of US $127million in equity and loans to seven projects, including Huarong chemical and new hope group. It is the province with the largest investment in China by IFC, accounting for about 12% of the total investment in China. It is revealed that in the new financial year from July 1, IFC plans to invest about $500million in 65% of its investment in East Asia in China to help Chinese enterprises, especially those in Sichuan and Western China, develop the project in accordance with the principle of "major expertise"

Li Yang said that when choosing a strategic cooperative bank, they had discussed with many domestic commercial banks and finally chose Chengdu Commercial Bank, Sichuan Branch of China Construction Bank and CITIC Industrial Bank with a positive attitude. In March, the center has appointed a banking expert to assist Chengdu Commercial Banks in improving their credit system. "Its purpose is to increase the loan strength to small and medium-sized enterprises in Sichuan by improving the operation ability of these financial institutions", and in terms of the cooperation of guarantee business, "CPDF hopes to guarantee those small and medium-sized enterprises with insufficient assets and good project prospects, so as to promote their successful loans and smooth development"

it is reported that lending to small and medium-sized enterprises and cooperating with banks and improving the capacity of financial institutions are only part of CPDF's many work. The core work of CPDF is to improve the sustainable development ability of all departments closely related to the development of small and medium-sized enterprises, so as to establish and improve the service body cellulose of local small and medium-sized enterprises in Sichuan, which contains a large number of hydroxyl groups. To this end, CPDF mainly does a good job in three aspects:

first, it provides direct help to small and medium-sized enterprises to help them enhance their competitiveness, improve product quality, improve the environmental protection environment, and meet their needs for new technologies, strategic partners, investors, corporate governance mechanisms, equity financing or debt financing

second, provide technical assistance to local departments or institutions that have direct contact with small and medium-sized enterprises, such as accounting firms, law firms, industry associations and financial institutions, so as to improve their ability to serve private small and medium-sized enterprises

third, through close cooperation with the functional departments of Sichuan government and other relevant decision-making departments, support their reform in laws and regulations and other important policies, so as to improve the business living environment of small and medium-sized private enterprises