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Pingnan prepares funds for companies' capital turnover

( chinadaily.com.cn )

Updated: 2015-07-07

"The county's emergency funds not only alleviate enterprises' financial stress, but also help maintain good credit records," said Wu Zhide, CEO of Fujian SkyFarm Agriculture Co, recently.

To support development of industrial and trade enterprises and relieve their difficulties in capital turnover, Pingnan published preferential policies this year for companies that can't repay loans on time.

These companies can get up to 10 million yuan ($1.61 million) to repay banks, according to the Min Dong Daily.

As of June 30, 11 companies in the county had received emergency funds, totaling 78.95 million yuan.