Small Business of the PRC to obtain additional financing through the establishment of China's venture capital fund

To help Chinese small businesses survive the difficulties with the financial side, the PRC was established venture capital fund. This fund will collect money to support and develop small businesses of China. According to sources, the management of the fund will be established by the Association of Small and Medium Enterprises of China and the Chinese operating company Shenzhen Junsheng Capital. To start the fund management intends to raise funds in the amount of 147 million dollars. Money for the fund going to engage with the placement of fund shares. To organize the fund, the PRC authorities have pledged an initial capital. In addition to Finance, the Ministry of Finance allocated to China, want to raise money from banking institutions and insurance companies. To date, small businesses in China actually experiencing financial difficulties. Is directly connected with the fact that there is practically no regulatory work of small business organizations and activities, in addition, the unavailability of credit is also strongly inhibits the development of small businesses of China.