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State Council says new economy rules
(Mar 05, 2014) BEIJING - State Council Premier Li Keqiang announced today at the 2nd Session of the 12th National People's Congress (NPC) held in Beijing that a batch of investment projects in financials, energy, resource development and public utilities will be opened to non-state companies, and in cleaning water, the investment runs ...
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UA Finance enters Shandong's loan market
(Feb 28, 2014) QINGDAO, Shandong - Consumer loan company UA Finance will open its first solely funded small loan company in Qingdao, Shandong province to match flamboyant business growth in the industrial district in the province. UA Finance, also based in Hong Kong, already has 12 small loan companies in China, providing mainly ...
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Fujian and Taiwan to increase competitiveness of services
(Feb 25, 2014) XIAMEN, Fujian - Companies in Fujian province have invested barely in Taiwan's service sector, but this is going to change as Fujian's outbound companies have planted seeds in Taiwan which lets early bird companies catch the worms. GTS Fund, jointly formed by Xiamen International Trust Co. Ltd. of Fujian and ...
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Group managing RMB, multinationals see it coming
(Feb 24, 2014) SHANGHAI - Itochu of Japan will group manage remittance of Chinese currency in its offices in China and Hong Kong, increasing the efficiency of fund flows and lowering the cost of capital which many multinational companies and provinces in China hope to garner. Itochu will be working with Industrial and ...
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Singapore arrives early in Shanghai Free Trade Zone
(Feb 21, 2014) SHANGHAI - China (Shanghai) Pilot Free Trade Zone and International Enterprise Singapore (IES) will team up to bring more companies to each other's land, a recognition made between the two in promoting service trade and financial services when China internationalizes her currency of Renminbi. The strategic alliance between Shanghai FTZ ...
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China's retailers earn more in e-trade era
(Feb 21, 2014) BEIJING - The first electronic invoice issued by JD.com in Beijing last June had major retailers nationwide followed suit as, cross-border or not, stimulating e-commerce and getting paid without leaving the country has become Chinese retailers' biggest opportunities. The city of Beijing will expand the trial use of e-invoicing and ...
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Wider door for financial leasing
(Feb 13, 2014) SHANGHAI - Despite rising concern for its risks, the Ministry of Commerce (MOC) of China has announced a note to let more local Chinese companies provide financial leasing. The MOC is planning to let the next group of local companies in to provide financial leasing, but only financial leasing to ...
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Shandong announces bank-financed projects
(Feb 13, 2014) JINAN, Shandong - Shandong Economic and Information Technology Committee (SEITC) and the People's Bank of China (Jinan) have picked a thousand projects for financial support in 2014, pooling RMB85 billion of bank loans for company and industrial investments. SEITC will support 1,057 projects in the province in upgrading technology and ...
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Better business for Jiangsu
(Sep 13, 2013) NANTONG, Jiangsu - Shaw Floors of the US will make its first out-of-states carpet and flooring manufacturing base in Nantong, Jiangsu province, kicking start overseas production that will provide carpets and floor products to millions more customers in Asia. Shaw Industries Group of the US, well-known for its rich carpeting ...
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Wuhan's investment watch in the UK
(Aug 22, 2013) WUHAN, Hubei - Companies in Wuhan, Hubei province watching out for overseas business opportunities in the UK or planning to invest in the UK can now visit the Office of Sino-British Enterprise Project Matching (Wuhan) which was opened in late July, the first such office in central Chinese provinces. The ...
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