On December 14, voted and approved by the board of directors of China Financing Guarantee Association (hereinafter referred to as China Financing Guarantee Association), Guilin City Small and Micro Enterprise Financing Guarantee Co., Ltd.(hereinafter referred to as Guilin Small and Micro Guarantee Company) officially became a member of China Financing Guarantee Association. Unit, marking that Guilin Small and Micro Guarantee Company's overall strength, risk control capabilities and standardization level have been recognized by the domestic guarantee industry.

Guilin Small and Micro Guarantee Co., Ltd. was officially opened in 2017. It now has a registered capital of 480 million yuan and net assets of 460 million yuan. Its business covers industry, agriculture, medical care, trade and other industries in 10 counties, 1 city and 6 Urban area of Guilin City, Guangxi, providing high-quality financial services to small and micro enterprises in Guilin and "agriculture, rural areas and farmers" and "entrepreneurship and innovation" projects. As of the end of 2021, the company's guarantee amount was 3.055 billion yuan, and the number of insured households was 902. It was named the "flagship store" of the Guangxi Guarantee System by Guangxi Guarantee Group, and its business scale ranks among the top in the region.

The China Financing Guarantee Association (CFGA) is a national financing guarantee industry association officially established in January 2013 with the approval of the former China Banking Regulatory Commission and the Ministry of Civil Affairs of the People's Republic of China. The association is a national financing guarantee industry self-regulatory organization voluntarily composed of financing guarantee institutions, local financing guarantee industry self-regulatory organizations and individuals with certain influence in the guarantee field. It is a non-profit social legal person. The association accepts business guidance and supervision from the Banking and Insurance Regulatory Commission of China, the business competent unit, and the Ministry of Civil Affairs of the People's Republic of China, the association registration authority. As of December 2021, the China Association has a total of 351 members, including 1 president, 37 vice presidents, 24 directors, 4 supervisors, 40 local associations, and 245 members.

After joining the China Insurance Association, Guilin Small and Micro Guarantee Company will share advantageous resources such as cutting-edge developments in the national financing guarantee industry, latest policies, and skills training, effectively enhance communication with members, and focus on small and micro enterprises and "agriculture, rural areas and farmers" and "entrepreneurship" The financing needs of Guilin City truly reflect the service purpose of "supporting small and micro enterprises, and inclusive finance", play a role as a bridge and link to solve the problem of difficult and expensive financing, and help Guilin City build a world-class tourism city. Add luster to the construction of a tourist city.