WUJIANG, CHINA--(Marketwired - Dec 6, 2013) - China Commercial Credit, Inc. (NASDAQ: CCCR), a microfinance company whose major business is providing microcredit loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, said it is today commencing a blog, "From The CEO," appearing on the Investor tab of the company's web site, http://irdirect.net/CCCR/corporate_document/284.
Authored by CCCR CEO and founder Mr. Huichun Qin, the initial post of "From The CEO" discusses potential legislation that may have a very beneficial impact on all microcredit companies in China.
Subsequent editions of "From the CEO" will appear once or twice monthly and will report on further significant developments in China's microfinance industry. Each post will be announced on the company's Twitter account, @CCCR_update, where readers may link directly to the post.
Mr. Qin, who founded China Commercial Credit in 2008, is a former Vice President at the Wujiang Branch of Peoples Bank of China and former Deputy Director of the State Foreign Exchange.
About China Commercial Credit
China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to more than 360 small-to-medium enterprises (SMEs), farmers and individuals in China's Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals -- which historically had been excluded from borrowing funds from State-owned and commercial banks -- are now able to borrow money at competitive rates from microfinance lenders. According to 2012 data, SMEs, farmers and individuals account for eight of ten jobs in China and comprise 60 percent of the nation's GDP.
Investors wishing to receive CCC's corporate communications as they become available may go to http://www.ir-site.com/china-commercial-credit/default.asp and register under Email Alerts.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of United States securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled "Risk Factors" in our prospectus filed with the SEC on August 14, 2013 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.