Competition launched to finance micro enterprises

A competition by the Shanghai branch of the Postal Savings Bank of China was unveiled in the city on Tuesday, as the bank seeks to help exceptional small and micro enterprises with financial support.

The winner of the competition will receive a loan of 20 million yuan ($3.18 million). Other qualified contestants could get loans according to their business proposals.

"We're keen to set up a sufficient financial platform for small and micro enterprises and offer entrepreneurs more advice," said Jing Zongquan, president of the Shanghai branch of the Postal Savings Bank of China.

China Daily - Xinhua