China Finance, Inc. (CHFI.OB) Signs On As China Construction Bank’s Loan Guarantor
China Finance, Inc. (OTCBB: CHFI) announced that its subsidiary is China Construction Bank's (CCB) newest loan guarantor. On Sept. 1, CCB and China Finance's wholly-owned operating subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation ("SHY"), entered into a Memo of Bank-Guaranty Cooperation and a Guaranty Cooperation Agreement. CHFI focuses on small and medium enterprises. In a news release, CHFI says the agreement opens these enterprises to the more favorable terms offered at CCB's 13,000 branches, while also allowing SHY to expand geographically. SHY continues to work with China Industrial and Commercial Bank in similar endeavors. "China Construction Bank…