Guangdong plans to launch financing platform for smaller companies

A financing platform for small - and medium-sized enterprises in Guangdong province will be officially launched in September, aimed at efficiently providing fundraising solutions for SMEs, a senior official with the local financial supervisory authority said.

"The platform will become an open financing ecological system, based on integration of big data of company credits and financing solutions," said He Xiaojun, director of the Guangdong Local Financial Supervision and Administration Bureau.

He gave the remarks after Guangdong announced measures to support the development of local SMEs through financing on Wednesday.