Financial program for tech startups in Anhui FTZ unveiled
Hefei National High-Tech Industry Development Zone and Anhui Banking Association unveil a demonstration zone for providing financial services to the science and technology enterprises in the zone. [Photo/WeChat account: hefeigaoxinfabu]
East China's Anhui province unveiled a financial service program to support tech startups in its free trade zone on Oct 18.
According to the program, local government will recommend batches of tech startups to commercial banks to help solve the former's financial problems.
Financial products featuring high quota, long duration low cost and quick approval have been developed according to the program.
Twelve science and technology enterprises in Hefei National High-Tech Industry Development Zone, which is part of the Anhui FTZ, have already signed cooperation agreements with four pilot banks to use the financial products.
The management committee of the Hefei National High-Tech Industry Development Zone and the Anhui Banking Association also signed a memorandum of cooperation to build a demonstration zone to provide more innovative financial products to local science and technology enterprises.
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