This is a rare opportunity for many entrepreneurs to test the economic crisis. Political-minded Chen took the opportunity to "tie up" with the government. "What we are doing is an internationally popular public-private partnership." Chen said. International business cooperation is mainly used for public utilities such as infrastructure construction, while Chen is used for small business services. Several trust funds are supported by the local government, which took the lead in subscribing and gave up its own profits. The local government may also outsource the functions of small enterprises to Sino-Singapore Lihe.
As a veteran of private finance, Kerwin Chen is carefully avoiding becoming a victim of policies. "First pilot in a small area in Xihu District to test the reactions of all parties." Chen said. The credit problem of small and medium-sized enterprises is of political significance at this stage, and Chen has received a good response, and people who come to learn from it are in an endless stream. Chen let go of his courage. "In June this year, we will launch pilot projects in Yangpu and Pudong development zones in Shanghai." In the next six months, Chen will "sink" into county-level towns in the Yangtze River Delta. In the next two years, its expansion may be faster. To this end, Sino-Singapore Lihe is carrying out the second round of private financing.
Will simply "binding the government" be the biggest risk for the development of Sino-Singapore Lihe? Located on the platform, Sino-Singapore Lihe has gathered various resources. In addition to enterprises and the government, banks, VC and PE all came to Chen for cooperation. If Chen Hangsheng's exploration is successful, it will trigger a financial revolution in the credit market of SMEs.