The provincial policy guarantee agency established by the Shanxi Provincial Party Committee/Provincial Government to promote the development of small and micro enterprises and the "Three Rurals" provides credit guarantee services with low threshold, low cost, high efficiency and wide coverage for small and medium-sized enterprises
Shanxi Provincial Financing Re-guarantee Co., Ltd. is a provincial policy guarantee agency established by the Provincial Party Committee and the Provincial Government to promote the development of small and micro enterprises and the "Three Rurals", and is now a wholly-owned subsidiary of Shanxi Financial Investment Holding Group Co., Ltd. The company, formerly known as "Shanxi SME Credit Guarantee Co., Ltd.", was established in July 2000, restructured into "Shanxi Guoxin Financing Re-guarantee Co., Ltd." in November 2015, and renamed "Shanxi Financing Re-guarantee Co., Ltd." in June 2017, with a registered capital of 1,392.6 million yuan and total assets of 179326 million yuan.
Over the years, the company has adhered to the business policy of "transmitting the province's industrial policy, improving the industry's guarantee capacity, guiding the industry to standardize its operation, and resolving the industry's guarantee risk", and has carried out re-guarantee, financing guarantee, non-financing guarantee, entrepreneurial loan guarantee, entrusted loan and investment and financial management, enterprise consulting and other businesses.
Since its establishment, the company has developed steadily, the ability to serve the real economy and small and micro enterprises has gradually become prominent, and economic and social benefits go hand in hand, with a total of nearly 50 billion yuan guaranteed for more than 8,000 small, medium and micro enterprises and "three rural" customers in the province, driving enterprises and farmers to increase sales revenue by about 100 billion yuan, increase profits and taxes by about 10 billion yuan, and solve more than 10 million jobs. The scope of guarantee business covers 11 prefecture-level cities in the province, and re-guarantee cooperation is carried out with 8 municipal guarantee agencies in our province, and the total bank credit exceeds 10 billion yuan, which promotes the construction of the guarantee system in our province.
In the future, the company will continue to uphold the corporate culture of "integrity, integrity, pragmatism and innovation", further play the role of quasi-public goods, serve the supply-side structural reform and the construction of comprehensive reform zones in our province, and contribute more to the economic transformation and development of our province.
