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Global Reseach on Financial Hubs①|Guangdong should explore its unique financial ecosystem: foreign experts

2018-May-8       Source: Newsgd.com

This March, journalists from Nanfang Daily, one Guangdong’s leading media publications, were sent to the US, UK, Germany, Singapore and other international financial hubs and had conversations with experts there, attempting to explore experiences that the province can learn from.

Grey Becker, the Chief Executive Officer and the President of Silicon Valley Bank (Source: Nanfang Plus)

Give innovative companies freer reign over bank loans

Grey Becker, the Chief Executive Officer and the President of Silicon Valley Bank, believed that traditional credit’s policies to support innovation can be further optimized. For example, simplify the approval and distribution process of loans for innovative enterprises. Becker is among the foreign pioneers in China’s innovation market.

“In the US, companies can get 5-10 million USD loans directly from the bank and they are given free reign over the money.” Becker suggested that Guangdong could trail to give innovative companies freer reign over their bank loans.

“If you want to promote innovative technology more efficiently, you should go off the beaten track and implement new policies that are exclusive to creative companies, making them grow faster.” Becker remarked.

Editor: Nan

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