Zhao Hong，Deputy Director of the Provincial Government
Finance Office, Came to Dalian to Do Thorough Research of Financing Guarantee

December 15-17, Zhao Hong, deputy director of provincial
government finance office, accompanied by financial guarantee supervision
department officers, came to Dalian to do research of financing guarantee. Deputy
director, Zhao Hong, listened to the report of Dalian financial bureau, and accompanied
by Dalian financial bureau officer, respectively visited the Dalian enterprise
credit guarantee Co., LTD, UniCredit Financial group Co., ltd, Dalian high-tech
zone guarantee investment Co., LTD, Liaoning BaoCheng credit guarantee Co., LTD,
to complete the research.

Dalian enterprise credit guarantee Co., LTD is the only one which does
not need to have security deposits in the bank. Dalian high-tech zone guarantee
investment Co., LTD has its own distinguished style characteristic of a high
tech zone-style company. UniCredit Financial group Co., ltd is a foreign
capital holding, tans-regional, diversity operating company.Liaoning BaoCheng
credit guarantee Co., LTD is a pure private guarantee agency which actively
explores and develops agriculture guarantee business.

Guarantee agencies generally reflect that, mortgage registration is
difficult, cost is high; Guarantee compensation mechanism is not sound, lower
profits etc.

Combining with all the situations in research, deputy director, Zhao
Hong points out that, even though there are a high number of Dalian guarantee
agencies, they co-operate well with banks, offer full functions on guarantee, extensive
preliminary work by Dalian financial bureau with remarkable results achieved. Due
to agencies numbers, difficult consolidation task, Dalian must continue
to work hard, finish the guarantee agencies’ consolidation by the end of the
year. Meanwhile, provincial, municipal supervision department in conjunction
with the relevant departments are to promote cooperation between banks and
guarantee agencies, and positively create a good environment for guarantee
Industry development.