Nantong Yineng Color Steel Board Co Ltd, located at Rudong Economic Development Zone in Rudong county – administered by Nantong in East China's Jiangsu province, received a loan of 5 million yuan ($788,780) recently.

The loan was the first "Yuan Qu Bao" business issued by Nantong branch of Jiangsu Credits Re-Guarantee Group Co Ltd in Rudong.

The comprehensive financial service model of "Yuan Qu Bao" is an important innovative measure of Jiangsu Credits Re-Guarantee Group to serve small and micro-sized enterprises, substantial economy, and local development. Focusing on the financing demand of resident enterprises of industrial parks and development zones, the model gives full play to Jiangsu Credits Re-Guarantee Group's advantages in credit, channels and funds to provide a slew of financial solutions for the high-tech enterprises with fast growth rate through a government-bank-guarantee risk sharing system.

Nantong Yineng Color Steel Board is a provincial high-tech enterprise in Jiangsu and one of the first group of "Yuan Qu Bao" whitelisted firms in Rudong. Committed to research, development and production of galvanized sheets and color-coated sheets for environmentally-friendly building steel structure systems and metal maintenance systems, the company has its products applied in the fields of industrial and commercial buildings, public buildings, power plants and civil buildings.

Through field visit, Nantong branch of Jiangsu Credits Re-Guarantee Group learned about local companies' demand. With cooperation with local government departments and financial institutions, Nantong branch provided personalized services for them to help solve the difficulties.