DALIAN, China, July 2 /PRNewswire-Asia-FirstCall/ -- China YiBai United
Guarantee International Holding Inc. (Pink Sheets: CBGH; hereafter referred to
as "China YiBai") staged the 2009 Chinese SMEs Investment and Financing Summit
On June 27, 2009 ("Summit"), which could help SMEs develop financing.
The summit was held in the Nikko hotel in Dalian, China and was
overwhelmed by the unexpected high turnout. The original 200-seat meeting room
was filled with more than 300 representatives from hundreds of small
businesses. This highly anticipated one-day summit featured speakers from the
Tianjin Equity Exchange, Deutsche Bourse Group, Barron Partners LP Chinese
Division, Chinese Domestic Private Equity and Bank of Dalian, along with
officials from Dalian Municipal Financial Office to discuss various aspects of
small business equity capital investing and refinancing.
The city of Dalian has more than 100,000 SMEs, which contribute 40% of the
Municipal tax revenue, and 57% of the City's GDP growth. In the aftermath of
the global financial crisis, Dalian SMEs have to deal with the increasing
difficulty of refinancing. From January to May this year, the Treasury
department of Dalian allocated 1.1 billion Yuan to help the SMEs through the
finance crisis. However, SMEs still need more capital injections not only from
the government, but also financial markets. Equity market capital guarantees
and refinancing have opened another channel for SMEs to acquire additional
funds.
Adrian Han, Managing Director of China YiBai, said, "This summit has
struck at the core of the refinancing difficulties faced by SMEs, enhanced the
understanding of the Equity market for the SMEs, and enlightened the vision
and strategic development of the SMEs going forward. Presently, five firms
have been attracted by the Summit and willing to sign the contract for
financing services with China YiBai."
About China YiBai United Guarantee International Holding Inc.
Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd., as the
operational subsidiary of China YiBai, is the first financial company focusing
on equity mortgage loan, an innovative kind of credit guarantee in
northeastern China (including Liaoning province, Jilin province and
Heilongjiang province) for Chinese SMEs. Meanwhile, China YiBai is also
engaged in personal property management and merger and acquisition.
Additionally, China YiBai also functions as financial consultant about
Domestic or overseas listing. At the same time, Dalian YiBai has acquired the
qualification as sponsor and market-maker from Tianjin Equity Exchange and is
specializing in financing and investment services for "two-high" and "two-non"
enterprises. For additional information, please visit
http://www.yibaichina.com .
SOURCE China YiBai United Guarantee International Holding Inc.