Chairman Li Chenggong Elected as the Director of Small Loan Company Association of Xinjiang

    The 2nd Trustee Council Meeting of Xinjiang Small Loan Company Association was held on April 24th, at which Board Chairman of Xinjiang Huachun Investment Group- Li Chenggong was elected as the Director of Small Loan Company Association of Xinjiang, and Huachun Small Loan Company under Xinjiang Huachun Investment Group was permitted to be the president unit.
    Huachun Small Loan Company was one of the small loan companies firstly approved by the Xinjiang Financial Authority. Since it was funded, the company under the leadership of Mr. Li, has been operated standardly, orderly and steadily all along, and has helped local medium, small and micro-sized enterprises, ethnic people’s enterprises and individual businesses to break through their finical difficulties, making great dedication to social stability and economic development. The company was ranked among the list of Top 100 Competitive China Small Loan Companies, China Small Loan Agencies Social Responsibility Award and Outstanding Unit Award for supporting the development of medium and small-sized enterprises, growing into a leading representative of Xinjiang’s small loan company.
    Small loan companies in Xinjiang were emerged in 2009. After years of development, they became stronger and gained a long-term development and considerable results. At present, Xinjiang has 184 small loan companies with a total registered capital of 10.48 billion Yuan. These small loan companies play important roles in alleviating small and micro-sized companies’ financing difficulties, supporting self-employment of the public, improving the construction of people’s livelihood projects and accelerating the development of county economy. The found of the Small Loan Companies Association showed that the Regional small loan industry has entered a new stage marked with “self-discipline, mutual supervision and joint efforts”.
    From now on, Mr. Li as the Director of Small Loan Company Association will guide the whole leadership, with its focus on improving the industry development, to build a communication mechanism between the Association and the Government, assist the competent departments in solving the difficult problems of Xinjiang’s small loan companies, optimize the business structure and improve the industrial benefit. Gathering the power of every member unit, we can play an important role in realizing a leapfrog development of Xinjiang economy.