Shenzhen fintech titan Vzoom mines tax data to boost credit for small businesses

Vzoom Credit, a Shenzhen-based financial technology or fintech provider, will deploy more resources to link tax data of small and micro businesses to banks and financial institutions, so that the former can receive timely credit.

Vzoom is pinning its hopes on government support for expanding tax relief policies and guiding local governments to improve their financing for small and micro businesses.

According to the annual work plan of the National Development and Reform Commission, the government will develop regulatory systems specifically for innovation-related companies this year.