Suzhou RongFeng Science & Technology Micro-Loan Co Ltd, an SIP-based microcredit provider dedicated to providing small loans to tech businesses, has given full play to its advantages in policy-based finance to help micro-, small- and medium-sized enterprises (MSMEs) resolve difficulties in financing. So far, the company has supported about 600 tech businesses in SIP with loans exceeding RMB2.3 billion.

The company has been highly motivated to guide and leverage social capital to help improve SIP’s financial service system for the technology sector, and has optimized its work mechanism and adopted digital solutions to accelerate the process of issuing loans to businesses.

Moreover, the company conducts online and onsite surveys to learn about businesses’ needs and provides customized financial reports and information services to its clients.

Recently, the company launched the refinancing service in collaboration with seven banks and one guarantee company to help businesses relieve pressure on capital turnover. In the future, it aims to further expand its services, improve its work process and enhance its capability of issuing loans to help more MSMEs in SIP achieve better development.

July 17, 2025