At the recent China (Shanghai) International Technology Import and Export Fair, in the Shanghai Mart and Shanghai International Exhibition Center, many of Pudong’s important financial institutions were on hand to add to the activity.

In commenting on the presence of the many financial bodies at the fair, the executive deputy director of the fair, Chen Xianjin, said that innovative enterprises have different financial needs at different developmental stages. Chen, who is also deputy director of the Shanghai Commerce Commission, added that a new financial exhibition hall was added to the fair to explore business possibilities.

The financial institutions that took part in the event included the Bank of Communications, Shanghai Rural Commercial Bank, and Bank of China’s Shanghai branch.

The Bank of China Shanghai branch provides some unique financing instruments that attracted a lot of attention from small and mid-sized enterprises. Another participant, the Pudong Development Bank, provides financing for technology research, corporate finance, international settlements, and trade finance for innovative businesses.

According to a person in charge of the bank’s financing project, by the end of April, the credit extensions of 166 small and mid-sized science and technology enterprises have been approved, surpassing a total of 2.2 billion yuan ($ 358.2 million).