Pudong stimulus plan
The government of Pudong New Area of Shanghai recently passed a 20 million yuan plan to help finance technology-oriented companies.
The plan allows these companies to use their own intellectual property as pledges to get loans from banks, which are 2 to 2.5 times the previous sizes. To date, seven companies got 10 million yuan. The new mode is expected to increase 40 million loan guarantees.
(Source：China Daily)
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