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China YiBai obtains market-maker and sponsor qualification from Tianjin Equity Exchange
Published on: 2009-06-23
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DALIAN, China, June 22 /PRNewswire-Asia-FirstCall/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH; hereafter referred to as "China YiBai") announced that it has obtained the permission and gained the qualification of market-maker and sponsor from the Tianjin Equity Exchange.

"This cooperation links Tianjin Equity Exchange with our company closely. The equity financing mode is what our clients expect," said Mr. Adrian Han, Executive Vice-president of China YiBai United.

In March 2008, "Reply to General Plan of Comprehensive Reform in Tianjin Binhai New Area from Chinese State Council" specifically requires Tianjin to emphasize financial system reform and establish a new base for national financial reform and speed up and enhance its capital market system and financial services in order to create an unlisted public equity exchange market in Tianjin Binhai New Area. Thus Tianjin Equity Exchange is established.

In May 4th 2008, Tianjin government officially permitted that Tianjin Equity Exchange should function as the enforcement body for "two-high" and "two-non" enterprises (new high-tech enterprises in Hi-Tech Development Zones and unlisted nonpublic joint-stock companies) equity and PE investment funds. Tianjin Equity Exchange should be integrated into innovative 20 Programs of financial reform of Tianjin government. In Oct. 2008, Tianjin government further clarifies Three-year Implementation Plan (2008-2010) of General Plan of Comprehensive Reform in Tianjin Binhai New Area (No(2008)82) that is necessary to establish the financial transaction platform and develop PE and bond-trading pilot project. National market network characterized with sound management and high-efficiency should be gradually come into being through perfect structure system and functional development system.

"Market-maker and sponsor qualification in Tianjin Equity Exchange will promote the business field of our company to a new level. China YiBai is engaged in equity mortgage guarantee and loan service. Meanwhile, we will do utmost to recommend 10-20 SMEs with annual turnover of USD$10 million and PBT of USD1.5 million to be public in Tianjin Equity Exchange in 2009 and raise USD2 million to USD$4 million for each enterprise," said Mr. Alex Li, China YiBai CEO.

About China YiBai United Guarantee International Holding Inc.

Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd., as the operational subsidiary of China YiBai, is the first financial company focusing on equity mortgage loan, an innovative kind of credit guarantee in northeastern China (including Liaoning province, Jilin province and Heilongjiang province) for Chinese SMEs. Meanwhile, China YiBai is also engaged in personal property management and merger and acquisition. Additionally, China YiBai also functions as financial consultant about overseas listing (including German, U.S.A., Britain and Canada). At the same time, Dalian YiBai has acquired the qualification as sponsor and market-maker from Tianjin Equity Exchange and is specializing in financing and investment services for "two-high" and "two-non" enterprises.

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