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Guangdong tax bureau extends lending to individuals
(Mar 19, 2018) GUANGZHOU, Guangdong - Guangdong Local Taxation Bureau and CITIC Bank (Guangzhou) have rolled out their first personal tax loan product, lending Guangdong's personal taxpayers a maximum of RMB300,000. Natural person taxpayers can register with Guangdong Local Taxation Bureau online to get a certification of tax payment. After that, they ...
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Automakers run faster and look further
(Nov 02, 2017) DALIAN, Liaoning - The opening of Liaoning's Free Trade Zone in Dalian city has spiked Dongfeng Nissan's position as a forerunner, benefitting the automobile industry in diversifying. Last week, Dongfeng Nissan Dalian sent its 400,000th vehicles off the assembly line to mark a 17% growth in production capacity. Dongfeng Nissan Dalian started constructing its ...
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PPP asset exchange center opens in Tianjin
(Mar 01, 2017) TIANJIN - The Public-Private-Partnership Center under the Ministry of Finance signed a strategic cooperation agreement with Tianjin Financial Asset Exchange yesterday to transact more PPP assets and to promote PPP management on a national level. Yesterday, a number of PPP projects were signed among investors and finance departments of local and ...
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Sino Ocean commits RMB30bn in Wuhan
(Feb 09, 2017) WUHAN, Hubei - Sino Ocean Group will invest RMB30 billion in a consolidated commercial complex in Hanyang District, Wuhan in Hubei province, expanding its business in running shopping malls and hotels. To be completed in 2021, the commercial complex will have construction floor areas of a million square meters. Construction is starting soon. It is matching Sino Ocean ...
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Minsheng Trust brings answer to vessel leasing
(Mar 07, 2017) TIANJIN - China Minsheng Trust Co. Ltd. has completed the country's first financing of vessels in the form of trust, a break-through for ship financing and asset management in China. In Tianjin's Dongjiang Tax Bonded Zone, China Minsheng Trust formed a subsidiary, Minyi Maritime Financial Leasing Co., to engage in the trust operation of non-...
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China slashes restrictions to ease foreign investments
(Mar 24, 2017) SHANGHAI - Certain shareholding restrictions put on foreign investors in Chinese companies will be lifted, according to Ministry of Commerce spokesperson Sun Jiwen. Based on the Catalogue for the Guidance of Foreign Investment Industries revised in 2015, the Ministry of Commerce will further revise the Catalogue to make foreign ...
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Demand seen in small lending: Loans up RMB8.2bn in 1Q '17
(Apr 27, 2017) SHANGHAI - Small loan companies in China did more businesses and lent more in the first quarter this year although there were small loan companies leaving the market. There were 8,665 small loan companies in China ended this March after eight companies left the market. The total amount of outstanding loans, however, surged RMB8.2 ...
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China broadens agricultural disaster insurance
(Apr 27, 2017) BEIJING - Expanded agricultural disaster insurance will be released in 200 counties in China, matching the specific needs of farmsteads and small or large agri-business companies. The latest regular meeting of the State Council, held on 26 April, confirmed that over the next two years, about 200 counties in 13 food production provinces of ...
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Shandong's Jiaodong is rich in gold
(May 04, 2017) YANTAI, Shandong - Better-than-ever exploration technology allows Chinese gold mining companies to dig deeper, turning Jiaodong, Shandong into the world's third largest gold mine areas. The Jiaodong region in Shandong province is deeply mined and dug for gold, both onshore and offshore. Since 2011, over 70 medium-scale to large gold mines have been found, confirming ...
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Pangang tops up B2B trade
(May 09, 2017) CHENGDU, Sichuan - Panzhihua Iron and Steel (Pangang) plans to take its B2B trading platform of iron and steel to trading of other commodities such as chemical, vanadium or non-steel, transacting over RMB100 billion of materials in several years. Owned by Anshan Iron and Steel Group (Ansteel), Pangang is already one of China's top 100 commodity trading enterprises. Its online trading ...
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