Beijing E-Town International Financing Leasing Co recently obtained Beijing municipal-level funding totaling 3.06 million yuan ($524,520). The financial support is part of a scheme to help support the development of small and medium-sized enterprises (SMEs).

The company -- also known as E-Town Leasing -- was selected for the financing alongside three other companies, including AGC Sci-tech Leasing.

The application and review of Beijing Municipal Development Funds for Supporting SMEs Development were carried out by the Beijing Municipal Bureau of Economy and Information Technology according to the relevant requirements of Beijing’s development scheme for SMEs.

The organization and relevant measures aim to improve SMEs' financing environment, strengthen the construction of SME service systems and support service agencies to continue providing quality services to SMEs, mostly small and micro-enterprises.

Established in July 2013, E-Town Leasing was the first Sino-international joint venture financial leasing company based in the Beijing Economic-Technological Development Area (BDA).

The company focuses on providing services for SMEs.

In the future, E-Town Leasing will continue to optimize its services and actively respond to the government's call to provide SMEs with high-quality, innovative and efficient services. The leasing company will also create a healthy financing service environment and help SMEs transform and develop.