The outdoor billboard of E-Town Financing Guarantee launches on Ronghua Road, Beijing Economic and Technological Development Zone, on Dec 15. [Photo/etowncapital.com]

Beijing E-Town International Financing Guarantee Co was included in the first batch of 17 government-sponsored financing guarantee institutions in Beijing on Dec 15, according to the Beijing Municipal Finance Bureau and the Beijing Local Financial Supervision and Administration Bureau.

In 2020, E-Town Financing Guarantee has expanded its financing service methods to intellectual property pledges, inventory mortgages, big data reviews and more.

It provided a superior service mechanism with a lower cost and faster approval for small and micro-sized enterprises, which reduced such companies' costs by over 50 percent during the COVID-19 pandemic.

The platform offers targeted services for high-tech firms, talent corporations, innovation start-ups and specialized, sophisticated, distinctive and new enterprises, among other categories of companies.

It also establishes a diversified and precise service system covering different fields, including high-tech, cultural and creative industries.

In addition, the guarantee firm ranked third among the supplementary prizes awarded by the Beijing Municipal Bureau of Economy and Information Technology to SME guarantee institutions and received honorary awards for its economic contributions to the Beijing Economic-Technological Development Area this year.

2020 marks the 10th anniversary of the founding of E-Town Financing Guarantee as a full-cycle financial service platform for SMEs.