European Chamber holds forum to help SME financing Go back »
2013-09-18 | Beijing
To address these concerns, the European Union Chamber of Commerce in China, the China IPR SME Helpdesk and the EU SME Centre jointly organised the third EU SME Forum in Beijing, 13th September 2013.
Adam Dunnett, Secretary General of European Chamber of Commerce in China, provided opening remarks at the third EU SME Forum in Beijing, 13th September 2013.
Adam Dunnett, Secretary General of European Chamber of Commerce in China, provided opening remarks and stressed the importance of SMEs’ success as the “backbone of the European economy”. He added that SMEs have a much greater challenge in accessing finance compared to large enterprises as providing small loans is comparatively more risky and expensive for banks. He noted that SMEs can benefit from the services offered by the EU SME Centre and China IPR SME Helpdesk.
Brian Outlaw, moderator and EU SME Centre Senior Advisor, addressed the audiene at the third EU SME Forum in Beijing, 13th September 2013.
Brian Outlaw, EU SME Centre Senior Advisor and moderator of the Forum, stated that in a survey conducted by the EU SME Centre 66% of respondents said that accessing finance is their biggest challenge in China. Brian noted that it is important for SMEs to apply for the right type of financing and introduced various types of loans offered by banks and options such as financial leasing and working with guarantee companies. He noted that Chinese companies may offer better terms (up to 3%) if you trade in RMB.
In panel discussions, speakers discussed the attitudes of Chinese and European banks to financing SMEs, the importance of having a good relationship with the bank in the home country, as well as whether there is any standard method of valuating IP and noted that IP is a value proposition which depends on the potential in the market.
