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ResearchinChina.com Publishes China Guarantee 2010-2011 Industry Report - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report –China Guarantee Industry Report, 2010-2011
ResearchinChina.com Publishes China Guarantee 2010-2011 Industry Report

 

NewswireTODAY - /newswire/ - Beijing, China, 2011/06/23 - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report –China Guarantee Industry Report, 2010-2011.

   
 
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The guarantee industry of China has seen fast growing development in recent years. According to the statistics from the State Administration for Industry & Commerce of the People’s Republic of China, there were 12,500 companies contained the word of “guarantee” in their names among all the registered entities in China at the end of 2009, with a year-on-year increase of 43.7%. And the figure was expected to reach 15,000 in 2010. Till the end of 2009, the capital scale (including guarantee fund) of China’s guarantee institutions totaled RMB700 billion, up 133% year-on-year; and the increased guarantee value rose by 122% year-on-year to RMB1.2 trillion.

As far as regional distribution is concerned, the guarantee industry in East China develops far ahead of that in West China. A case in point is Beijing, where the total registered capital of guarantee institutions grew by 46.10% to RMB36.971 billion by the end of 2010. In particular, Beijing boasted of 105 guarantee companies whose registered capital surpassed RMB100 million each. In 2010, the guarantee amount newly increased by RMB93.696 billion in Beijing, a 5.72% rise.

This report not only elaborates the overall market of China guarantee industry and regional markets in key areas, but also highlights the key enterprises engaging in the industry.

China National Investment & Guaranty Co., Ltd. is the largest guarantee company in China with the registered capital of RMB3.52 billion and the core capital of RMB5 billion. And the bank line of credit for the company is valued at RMB45.1 billion.

Guangdong Yinda Guaranty Investment Group Co., Ltd was founded in October 2000 with the registered capital of RMB779 million. In August 2009, it became a Sino-foreign joint venture by introducing SAIF Partners, an international private equity investment institution. As of late 2010, the guarantee amount of the company had accumulated to RMB28 billion, while the figure in 2010 realized RMB4 billion, with the proportion of renewed guarantee coverage from enterprises approximating 60% each year.

Beijing Zhongguancun Sci-tech Guaranty Co., Ltd, established on December 16th, 1999, is a major policy-oriented guarantee institution in Beijing with the registered capital of RMB423 million.

Uni-Power Guaranty (short for UPG), set up on May 18th, 2004, is the largest Sino-foreign joint venture mainly engaging in financing guarantee in Zhejiang Province with the registered capital of RMB417 million.

Chongqing Three Gorges Guarantee Group Co., Ltd. was established with a registered capital of RMB3 billion in September 2006. As of late August 2010, the accumulated guaranteed loans issued by the company touched RMB18.4 billion, with the available guaranteed outstanding of RMB10.8 billion; and it had provided guarantee loans for more than 1,000 enterprises.

 
 
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ResearchinChina.com Publishes China Guarantee 2010-2011 Industry Report

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