Shenzhen Small & Medium Enterprises Credit Financing Guarantee Group Co., Ltd. (CGC) was established on December 28th 1999 by the Shenzhen Municipal Government. By the end of 2010, the registered capital has increased from the initial government-invested 200 million RMB Yuan to 1 billion RMB Yuan (approximately 150 million US Dollars). With the support from our government, our shareholders, our partners and our clients, through years of effort of our people, CGC has always been a leading credit guarantee organization in the nation.
Small and medium-sized enterprise (SME) credit guarantee industry is an emerging commercial service industry with great market potential in China. With its 5 branch offices in Futian, Luohu, Nanshan, Baoan and Longgang Districts, covering the whole city, CGC mainly provides credit guarantee services to SMEs in Shenzhen. It is also extending its services to other economic booming areas in China.
In the past 12 years, CGC has provided guarantee services to more than 8000 SMEs in Shenzhen. By the end of 2011, the accumulated guarantee amount has exceeded 80 billion RMB Yuan(approximately 12 billion US Dollars). Our clients are mainly growing and innovative enterprises covering all sorts of industries.
Not only CGC maintains good relationship with all commercial banks and state-owned banks in Shenzhen, but also it is the first credit guarantee organization in China to establish partnerships with foreign banks.
Looking forward to the future, CGC sincerely welcomes cooperation with friends from home and abroad to build up China's high-end comprehensive financing service flagship.
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