| dong Province, the first village bank, Zhongshan | | | | are feeling the pressure of funds, after all, the |
| Xiaolan Town Bank opened for business. The bank | | | | majority of SMEs in the lighting industry. In fact, |
| by the holding of Jiujiang City Commercial Bank | | | | even greater than now, that is, usually, many |
| launched the trial has been running for nearly a | | | | enterprises do not suffer from financial |
| year. | | | | constraints want to do. Since the majority of SME |
| Village banks and bankers in Bangladesh economist | | | | credit, financial condition and other aspects are not |
| Muhammad? Yunus created, called the world's | | | | enough, the general commercial banks are |
| most successful model of a rural finance. Because | | | | reluctant to lend money to them, for fear of risk. |
| "from the bottom to promote economic and | | | | Therefore, we can often see reports on SME |
| social development efforts", he was awarded the | | | | financing difficulties, the recent introduction of the |
| 2006 Nobel Peace Prize. Last year, China began to | | | | policy at all levels of government to help SMEs |
| develop from the village bank, has now been | | | | finance again, but the commercial banks is the |
| established in many provinces, village banks. | | | | "thunder, little rain," many companies often |
| According to the authoritative definition of | | | | inaccessible to the copies only. |
| domestic, rural banks is in accordance with | | | | Should be noted that, Zhongshan City Lighting |
| relevant laws and regulations, the domestic and | | | | industry, families, workshop-style corporate few, |
| foreign financial institutions, domestic non-financial | | | | they also have a strong development aspirations; |
| institutions, corporate legal persons, natural | | | | there are many professionals who are also |
| persons within the investment, mainly in rural | | | | planning to start, but have insufficient funds. |
| areas set up for local farmers, agriculture and | | | | Private finance may be a solution, but also |
| rural economic development to provide financial | | | | contains a number of risk factors. The village |
| services banking financial institutions. | | | | banks are able to help, and to minimize financial |
| China supports the establishment of village banks | | | | risks. |
| are building a new socialist countryside, rural areas | | | | Lighting industry, smaller, less capital investment is |
| with low coverage of banking and financial | | | | an important factor. Lighting industry has relied on |
| institutions, financial issues such as inadequate | | | | endogenous development, through the slow |
| supply of innovations. Village banks, can | | | | accumulation of capital to achieve expansion, not |
| effectively solve the lack of local financial supply, | | | | only slow, but also inhibit innovation. In the future, |
| improve the local financial services to ease the | | | | to more channels by exogenous developments, |
| contradiction between supply and demand of | | | | mergers, market, attract investment, are all good |
| microfinance issues in order to promote SME | | | | idea, but for most SMEs, the timely availability of |
| development and growth, to better support the | | | | necessary financial and credit support is the most |
| general income families to speed up development | | | | realistic and most urgent. The establishment of |
| and prosperity and promote the people business. | | | | village banks for the general lighting business and |
| Also help to reduce borrowing and acts of civil | | | | entrepreneurs opened a way out. |
| private funding, stable rural financial order and | | | | However, the lighting industry to rely on their own |
| reduce financial risks. | | | | capital accumulation and non-financial development, |
| It is understood that the scope of bank lending, | | | | in the face of new financial innovations, it is really |
| Zhongshan Xiaolan town, and is not limited to | | | | necessary to change attitudes and habits, and |
| Xiaolan Town, but can also lend to the surrounding | | | | gradually accept the new things, so not only |
| townships. This means that town, cross bar and | | | | conducive to the development of SMEs, but also |
| other advanced lighting industry, the town could | | | | conducive to China's financial industry |
| benefit from the bank. We know, Zhongshan City | | | | development. |
| Lighting industry cluster mainly in Xiaolan Town, | | | | Currently, Zhongshan City Lighting industry cluster |
| Guzhen Town, and cross bar, the lighting industry | | | | development has entered a new phase, new |
| is expected to "proximity and easier," village | | | | opportunities and new challenges, especially in |
| banks receive strong financial support. Moreover, | | | | 2008 on the promotion of industrial restructuring, |
| compared with the general commercial banks, | | | | there is need for the financial industry to play an |
| rural banks lowering the threshold for loans, | | | | active role in the manufacturing sector. We hope |
| flexible lines of credit, loans, faster, able to meet | | | | that, after opening in Siu Lam village banks, can |
| most of the SMEs and individual entrepreneurship | | | | provide a temporary relief Zhongshan lighting |
| in the normal financial needs. | | | | industry cluster, icing on the cake. |
| In this so-called "winter", a lot of lighting companies | | | | |