PMF Supports Chinese Client’s Trade Finance Needs To Develop Shenzhen’s Hi-Tech Award Winning Product 1st PMF Bancorp’s Chinese subsidiary, Baoli-da is on the cutting edge of trade finance in China and providing its Chinese Clients (which are often PMF’s U.S. Client’s suppliers) with the working capital to not only produce goods, but to design and innovate new technologies within China as well. Jetyo, a PMF client in China , designs electronic video cameras and other hi-tech items. Jetyo has it's own software programming division as well as clean room for assembly of sensitive processors. PMF/Baoli’s trade finance has allowed Jetyo to export a new video camera used for American Idol Teenage fans and has recently won the prestigious “Shenzhen Hi-Tech Award” which not only comes with a plaque but also 3 years of tax breaks to encourage continuing innovation. PMF often finances Chinese suppliers of its U.S. clients, thereby creating a strong supply chain. PMF also provides its U.S. clients with access to sourcing and PMF’s trade finance products to help support our U.S. client’s growth. For more information on how PMF can help your Chinese and/or U.S. company with its China Strategy, feel free to contact PMF via email or 310 858-6696 x204. Updates On The Chinese Currency… As everyone knows, the U.S. and our manufacturing sector has placed a great deal of pressure on the Chinese government to allow their currency to appreciate (or exchange freely with the thought of it appreciating). The Chinese have removed the direct link to the US dollar and tied their currency to a basket of secretly kept currencies. So, for the present being, Chinese currency is allowed to move freely, but within a tight range. Just Like Adam Smith, I too am a proponent of market forces being able to take their course; however, an economy as important as China’s now must be careful not to open itself too fast and destabilize, not only for its own good, but for the good of the global market as well. For example, many have seen the recent run up in the Chinese stock market, and on average 250,000 investor accounts were being opened each day for the last 3 months. Any finance grad knows that an emerging economy has a very thinly traded market, and information is not transparent at all with insiders trading the market. The recent 6.5% one day fall in the Chinese stock market illustrates the instability. But anyone who pays attention while doing busines in China already knows this. In many ways, the fast increase in currency appreciation so desired by our sage leaders would also drive imports and inflationary pressures. These increased pressures, along with the oil prices pushing cost up in so many other areas, could have dangerous synergistic effects. Let's think before we jump to act. By Stephen Perl, MBA , MS For more on the latest developments in currency and Treasury Secretary Henry Paulson’s latest rounds of talks, please click here. For more articles on China and 1st PMF Bancorp, click here.

Remember when "Banks say NO, PMF Bancorp says Yes!". For more info on 1st PMF Bancorp's Working Capital / Lines of Credit, Minority Loan, Factoring, Purchase Order and/or Trade Financing Programs, please feel free to contact us via email or the telephone (310) 858-6696 For more info on our services in U.S. and China, please visit our sites below: 1st PMF Bancorp (USA) (310) 858-6696 x204. Baoli Investments (PMF's China Subsidiary) Visit our websites at : www.PMFbancorp.com.cn (China) www.PMFbancorp.com(U.S.)