Yiwu financial institutions

June 1, Branch of Guangdong Development Bank began trial operation in Yiwu, and is ready to officially operated in Yiwu at the end of June, after the Yiwu branches of Zhejiang China and Thailand commercial banks, the Yiwu branches of Ruifeng Bank, this is the third financial institutions bank settled in Yiwu 2011.

“Yiwu is one of the active areas of China’s individual economically, the unique business climate create a favorable environment for the development of the financial industry, so more and more banks active settled in Yiwu, or even have to break the traditional constraints of the region.” Yiwu Banking Office Director Xu Ji said.

It is reported that Yiwu has 22 types of banking institutions, 2 small loan companies, 36 insurance agencies, 9 Stock Company, has been regarded as the most important credit, In addition, benefit providers, Langsha ,2 Small Loan Co., Ltd in Yiwu have solve the financing problem.

But also Yiwu insurance business is among the best of province-wide, fully express the function of economic compensation. According to Yiwu Marketing Services Department statistics of the China Export & Credit Insurance Corporation, last year, the scale of Yiwu Small Commodity City of trade credit insurance coverage reached 148 million yuan, more than 70 export companies express short-term export credit insurance, annual insurance scale is nearly $ 400 million,provide a solid backing for the economic development of Yiwu,

Finance is the core of the economy, in the general of International Trade comprehensive reform program council, it clearly calls for a sound financial system, enhancing the ability of financial services, to improve the financial environment, which means that the financial industry is facing a major development opportunities of Yiwu.