SHENZHEN High-tech Investment Guarantee Co. Ltd. has provided loan guarantee services for more than 600 high-tech enterprises and 1,700 high-tech projects in the city, according to the Shenzhen Special Zone Daily.

The accumulative loan guarantee provided by the company had reached 6.5 billion yuan (US$786 million) and greatly promoted the city's high-tech industry in the past 10 years, the newspaper said Sunday, 17 days before the 10th anniversary of the founding of the company Dec. 29.

The company was formerly known as Shenzhen High-tech Industry Investment Service Co. Ltd.

Shenzhen Municipal Government injected 400 million yuan into the company after its establishment.

The company had provided loan services to industries like electronic information and telecommunications, biomedicine and new materials in the past years to promote the city's high-tech development, said Wang Ganmei, the company's general manager.

The loans had helped attract an extra 8 billion yuan investment in high-tech enterprises.

The loans had solved the difficulties of many small and medium-sized enterprises (SMEs), Wang said.

Among the 60 SMEs recommended for SME Board in Shenzhen, 34 enterprises had received financial aid from the company.

Editor: Wing