Secretary-General Shi Wenchao met with Vice President & Treasurer of International Finance Corporation (IFC) Hua Jingdong, who visited NAFMII on the afternoon of October 9,

During the meeting, Mr. Shi first extended his warm welcome to Mr. Hua Jingdong. Mr. Shi said IFC and NAFMII have kept close contact for a long time, and he expected the meeting to lay a solid foundation for further pragmatic cooperation between both parties in future. He pointed out that one of the important objectives of NAFMII is to carry out the guidelines and policies of the central government and the People’s Bank of China (PBC) for facilitating the financing of MSEs, which is consistent with IFC’s concept of serving SMEs and private enterprises. Therefore both parties can establish a sustainable and feasible cooperation framework to better serve Chinese SMEs for greater development on this basis, Mr. Shi noted.

Mr. Hua said he has learned that NAFMII has contributed a lot to the development of interbank market and the service for SMEs and private enterprises under the instruction of PBC and other relevant authorities, with evident achievements made. He then briefed the global business operation of IFC, and noted IFC is willing to conduct pragmatic cooperation with NAFMII in SME financing, credit guarantee, asset securitization, joint training and other fields, in a bid to make contributions to the development of Chinese SMEs.