On August 29, the signing ceremony of strategic cooperation between the ZGC Development Group Tec-fin and the Hebei Promotion Council of SME Development was successfully held in Shijiazhuang. As a move of collaborative innovation of finance in Beijing, Tianjin and Hebei, it was sponsored by the ZGC Development Group, the Hebei Promotion Council of SME Development and the Hebei Banking Association.

On the site, three subsidiaries of the ZGC Development Group, i.e. ZGC Innovation-leading Finance, ZGC Financing Guarantee and ZGC Financing Leasing, signed a strategic cooperation framework agreement with the Hebei Promotion Council of SME Development; ZGC Innovation-leading Finance signed a 1 billion yuan credit granting agreement with the Promotion Council, with the aim to provide liquidity fund to SMEs in Hebei. On the same day, it lent RMB 25.5 million yuan to three Hebei SMEs, that is Hebei New Sida Motor co., Ltd., Shijiazhuang Zhonghui Pharmaceutical Packaging co., Ltd., and Yuanshi Hengxi Paper Products co., Ltd.

According to relevant agreements, the subsidiaries of the Group’s sci-tech sector will establish a strategic cooperative relationship with the Promotion Council, in principles of “government leading, business operation, mutual benefit and common development”, to provide perfect financial services for SMEs in Hebei province.

ZGC Innovation-leading Finance will take advantage of its own financial information service platform to give priority to provide convenient and efficient financial information services, such as “Fast and Easy Loan”, with capital security and controllable risk for excellent member enterprises recommended by the Promotion Council.

The two sides will work to build a comprehensive service system, with financial service at its core, including technical services, police services, market services, talent services, landing services and etc. The system will facilitate rapid development of SMEs in Hebei province as well as the sustained and coordinated development of regional economy in Hebei province, becoming an example model in the coordinated development of the Beijing-Tianjin-Hebei region.

In the future, ZGC Innovation-leading Finance and other tech-fin subsidiaries of the Group will work to meet the new needs of SMEs in Hebei, accelerate the creation of an integrated financial service model with debt financing as its core, bond and equity linkage as its feature, and comprehensive financial service as its highlight. By virtue of the innovative technology of the on-line financial platform, the tech-fin companies would provide comprehensive services for innovation and entrepreneurial businesses in Beijing and Hebei anytime anywhere. They will strive to make this cooperation model a typical case and a benchmark project in the Beijing-Tianjin-Hebei region, playing a leading role in innovation demonstration.