A total of 15 financial institutions from Pudong new district joined the seventh Shanghai Financial Services Fair for SMEs (small and medium-sized enterprises) on August 29 and 30.

The fair aims to provide small businesses with new financing methods, giving impetus to their growth. A total of 15 financial agencies covering banking, security, insurance, guarantees, petty loans, leasing and factoring services took part in the activity.

Shanghai Easy Loan Co, located in Lujiazui, is a State-owned comprehensive financing guarantee institution targeting small and micro businesses. The company has created a series of financing guarantee products to help small export-oriented and technology-based enterprises overcome barriers in financing.

As a subsidiary of Sun Hung Kai & Co, United Asia Finance Ltd is the only Hong Kong-funded loan company for small businesses in Shanghai. It has offered petty loans for many Shanghai citizens and SMEs with advanced operations.

The fair has been successfully held for six years and is becoming an important platform for financial institutions and SMEs in Shanghai. This year’s fair drew over 100 financial institutions. A total of 180 standard booths were set up. The total exhibition area measured 4,500 square meters. The participating companies introduced more than 1,000 financial products tailored to SMEs.