What is the level of re-guarantee in Northeast China?
Northeast re-guarantee is a state-owned enterprise. Northeast SME Credit Re-guarantee Co., Ltd. (hereinafter referred to as the Company) is the first policy-oriented regional re-guarantee pilot institution jointly sponsored by the State Council Development and Reform Commission and the former the State Council Revitalization Northeast Office, and jointly funded by the Ministry of Finance, Liaoning Province, Jilin Province, Heilongjiang Province, Inner Mongolia Autonomous Region and The Export-Import Bank of China. It is an institution for mutual cooperation and development that is clearly defined in the cooperation framework agreement of the four northeastern provinces.