On the morning of August 20, the first meeting of the preparatory meeting for Liaocheng City Financial Development Research Association was held at Huitong Small Loan Company. At the beginning of Liaocheng University, Li Xia, Gao Jiangang, Yu Ping and other experts and company deputy chief Zhao Qing and manager Dong Yongli attended the forum. The meeting confirmed the purpose and scope of the seminar and achieved a complete success.

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Liaocheng Economic and Technological Development Zone Huitong Microfinance Co., Ltd. (hereinafter referred to as “Huitong Small Loan Company”) was established on November 1, 2013. The registered capital of the company is RMB 100 million, which was approved by the Financial Office of the People's Government of Shandong Province. A company specialized in RMB loan business.

Huitong Small Loan Co., Ltd. established a general meeting of shareholders, a board of directors, and a board of supervisors, and established the management system of the general manager responsibility system under the leadership of the board of directors. The separation of the three rights of ownership, management, and supervision has been achieved, and mutual supervision and mutual promotion of the operating mechanism have been formed. The company currently employs 31 employees and has 4 departments including credit business department, risk management department, audit finance department, and comprehensive management department.

Since its establishment, it has accumulatively issued 698 micro-loans to more than 200 peasant households and small, medium and micro enterprises, with a total value of 488.89 million yuan. In the first half of 2015, a total of 145.03 million yuan were issued to support the economic development of Liaocheng City. The company has won a number of honorary awards and is a member of the Provincial Association of Microfinance Enterprises. In the classification rating, it was rated as a Class 1 small loan company by the Finance Office.

In order to better serve Liaocheng SMEs and expand business scope, with the active support and promotion of the municipal, district government and related departments, the company successfully succeeded in the regional equity market—Qingdao Blue Ocean Equity Exchange Center on June 24, 2015. Listed, became the only small loan company in Liaocheng listed here. The company is currently actively preparing to build the "Liaocheng Financial Research Institute for inclusive finance development" and is committed to providing quality services and theoretical support for financial culture for Liaocheng enterprises to further integrate into the capital market.