Established in May of 2004, Shandong Binzhou Huanyu Enterprise External Guaranty Co., Ltd specializes in providing credit guaranty for the financing of small and medium enterprises in Binzhou. The company was founded by Shandong Binzhou Huanyu Textile Group Ltd and other companies with registered capital of RMB50 million. The company keeps a separated account, operates independentlyassume sole responsibility for its profit and loss, and insists on enterprise management and market operation, taking an active role in providing financing guaranty for small and medium enterprises in Binzhou.

       The company has established and completed a standard legal person system and a system risk control mechanism to provide financing guaranty for a large scale of small and medium enterprises with favorable development prospect, acquiring nice economic and social benefit.

By now, the company has established sound cooperation relationship with many financial institutions and signed collaborative agreements with Agricultural Bank of China Binzhou Branch, Bank of China Binzhou Branch, China Construction Bank Binzhou Branch, Binzhou Rural Credit Cooperatives Union. With ICBC (Industrial and Commercial Bank of China)s ongoing credit level assessment, we will soon begin the cooperation with ICBC

       In October of 2005, the Opinions on carrying out plan for fostering small and medium enterprises, submitted by Provincial Economic and Trade Commission, Finance Department, Statistic Bureau, Agricultural Bank of China Shandong Branch, ICBC Shandong Branch and China Development Bank Shandong Branch, was brought into effect with the approval of provincial government. As a member of Shandong Guaranty Industry Association, our company was appointed as a guaranty institution in the first group to carry out this plan.

       The main objects of our guaranty are small and medium enterprises with product and market, with development prospect, healthy growth, sound credit and comparatively high capacity to repay the credit within Binzhou City, in conformity with the State and provincial industry policies.

       Adhering to the principle of Human-oriented, Honest and Faithful, our company is willing to cooperate with friends from all circles to create a bright future.