China News Direct

 
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China standardizes OTC listing nationwide
(Jun 27, 2013) BEIJING - Thousands of non-listed public companies will emerge in China as the State Council wants to expand National Equities Exchange and Quotations (NEEQ) or the so-called "third market" or OTC market to cover more companies, allowing these companies to directly issue shares and raise funds under the supervision of ...
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China clears stumbling block in small lending
(Jul 05, 2013) BEIJING - It's a long road for banks in China to lend at ease to micro and small companies as credit and insufficient credit information remain the two biggest hurdles in small lending, but some changes are about to take place. In response to the State Council?s announcement of Document ...
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Banks give RMB75bn credit to private firm
(Jul 06, 2013) CHONGQING - A group of 66 private companies based in Fuling District, Chongqing has formed an investment arm Fushang Investment Group to invest in financial services and properties, garnering bank credit facilities as much as RMB75 billion soon after formation. With a strong background and a business focus on financials, ...
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China speeds old town rebuilds to create new demands
(Jul 02, 2013) BEIJING - China's State Council has proposed to speed up shanty town rebuilds in an effort to release the economic energy from old torn districts, a move that will improve people's livelihood and will create a larger domestic consumption market for China. At a regular meeting held on June 26, ...
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Guangdong invests RMB1.5 trillion in transport to balance growth
(Jun 18, 2013) GUANGZHOU, Guangdong - The Guangdong provincial government facilitated and witnessed the contract signing of RMB87.18 billion of transport infrastructure projects on June 13, saying both private and foreign investments are needed to construct highways and railways to link the less developed areas of Guangdong with the Pearl River Delta. According ...
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Sweets of success in China's cross-Strait trade, from Fujian to Jiangsu
(Jun 17, 2013) SUZHOU, Jiangsu - Taiwanese companies have invested hundreds of billions of US dollars in China's Jiangsu province which is capturing investors' money for its technology industries and services such as retailing and healthcare. However, Taiwanese investors in Fujian province are not staying behind especially after the mainland Chinese government has ...
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Tianjin Eco-City, Bank of China harvest cross-border investments
(Jun 18, 2013) TIANJIN - China and Singapore-invested Tianjin Eco-City, Bank of China (Singapore) and Bank of China (Tianjin) will over the next three years jointly provide financing as much as RMB8 billion for Singaporean companies investing in Tianjin Eco-City. Singaporean companies investing in Sino-Singapore Tianjin Eco-City will be given preferential treatment and ...
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From sketch to pledge of capital to Fujian's marine economy
(Jun 24, 2013) FUZHOU, Fujian - Universities that have a faculty of marine science and banks that want to diversify their loan exposure to the maritime industries met each other in Fujian on June 19 to make contacts, sealing deals on 111 marine-based research and industrial projects initiated to build Fujian a strong ...
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China, Myanmar in new infrastructure alliance
(Jun 17, 2013) KUNMING, Yunnan - Three years have gone by when China-Myanmar Gas Pipeline (Myanmar section) finally makes it to completion, uninterrupted by regional political turbulence in bringing natural gas and crude oil to China's Yunnan province. Invested by PetroChina in 2010, the Myanmar section of China-Myanmar Gas Pipeline is a double ...
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Shenzhen drives billions of loans to small companies
(Jun 06, 2013) SHENZHEN - The municipal government of Shenzhen has issued an administrative measure to support small business financing through giving or sponsoring small business development funds and creating joint insurance, trying to drive hundreds of billions of yuan of liquidity to small companies. The municipal government has vowed to back small ...
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