1. Banks
A. Native Banks
Suzhou Branch, The People's Bank of China
SND Branch, Industrial and Commercial Bank of China
SND Branch, Bank of China
Suzhou Branch, Agricultural Bank of China
SND Branch, China Construction Bank
SND Branch, Bank of Communications
SND Branch, Huaxia Bank
SND Branch, Shanghai Pudong Development Bank
Suzhou Commercial Bank
Suzhou Branch, CITIC
SND Sub-branch, China Merchants Bank
B. Foreign Banks
Suzhou Branch, Mitsui Sumitomo Bank
Suzhou Office, Shanghai-Paris International Bank
C. Financing Policies
Foreign-invested companies can take bank loans during either construction or operation.
A. Methods and conditions
Methods |
Guaranty or conditions |
Rating |
Mortgage |
a)Machine or equipment |
Not exceed 50% of its evaluated price |
| b)House property or land |
Not exceed 70% of its evaluated price |
Impawn |
Portfolio, bond and bill |
Usually 90% of the total sum of the bills |
Collateral |
Standby credit letter or credit letter from parent or related company |
Usually convert US dollar to RMB at the rate of 1:8, the ceiling amount can reach the total sum of the bills. |
Credit |
A certain amount of sales volume, equity-debt ratio not to be less than 50% and a comprehensive grade by the bank |
Usually not exceed the net registered capital or the net assets of the enterprises within the credit limit |
B. Types, terms and interest rates of loan£¨from the People's bank of China£©
Types |
Terms (year) |
Interest rate£¨year£© |
Current capital |
Short term |
¡Ü0.5 |
5.04% |
. |
Short term |
0.5¡«1 |
5.31% |
. |
Middle-long term |
1¡«3 |
5.49% |
Fixed assets |
Project loan |
1¡«8 |
5.04¡«5.76% |
2. Insurance companies
A. Native insurance companies
PICC Property and Casualty Company Limited
China Life Insurance Company Limited
Da Zhong Insurance Company Limited
China Pacific Insurance (group) Company Limited
China Pacific Property Insurance Company Limited
China Pacific Life Insurance Company Limited
China Ping An Insurance Company Limited
Tian An Insurance Company Limited
Jiangsu Huaxin Insurance Agent
Xin Hua Life Insurance Company Limited
B. Foreign insurance companies
Tokio Marine and Fire Insurance Company Limited
Mitsui-Sumitomo Marine and Fire Insurance Company Limited
American International Assurance Company Limited
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