The Pudong New Area government yesterday set up a fund of 100 million yuan (US$12.5 million) to support operation of small and medium-sized companies based in the district.

Qualified companies can apply to receive loans from the fund operators. There are more than 35,000 small and medium-sized companies in Pudong, representing 99.7 percent of all the business units in the area, according to government officials.

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