China News Direct

 
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International market development fund backs Anhui's trade
(Apr 04, 2013) HEFEI, Anhui - Nearly 30% of small and medium-sized companies in China's central province of Anhui have received financial assistance from the province's small and medium-sized business international market development fund, supporting trade mark registration, advertising, trade exhibitions and training in overseas areas. The Anhui provincial government announces that small ...
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Shenzhen subsidizes investments in Qianhai
(Mar 28, 2013) SHENZHEN - Companies registered or invested in Qianhai Shenzhen Hong Kong Cooperation Zone (Qianhai) in the form of equity investment are eligible for a maximum fiscal subsidy of RMB50 million by the Chinese government. Shenzhen Fiscal Commission and Shenzhen Qianhai Management Board jointly issued a special funding administrative measure on ...
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Fujian-Taiwan trade for thought
(Mar 26, 2013) XIAMEN, Fujian - The city of Xiamen in Fujian province will institute six major measures to speed up trade with Taiwan, and other Fujian cities have similar plans in reaching out. In January and February, Fujian's trading with Taiwan grew 36.8% to a value of US$2.1 billion, growing faster than ...
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New trade energy between Chinese provinces and California
(Apr 11, 2013) BEIJING - The Ministry of Commerce (MOC) of China staged the China Provinces and US California Trade and Investment Cooperation Seminar and Signing Ceremony in Beijing on April 10, bringing business cooperation between China and the US closer in a wide range of industries. Jointly organized by the MOC and ...
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Infrastructure construction will keep lending active
(Mar 14, 2013) BEIJING - Bank lending in China will continue to be swayed by seasonal factors but city development and infrastructure construction will keep the demand for new loans up to an estimated scale of RMB9-9.5 trillion this year. To minimize the impact on price levels and to manage risks, bankers say ...
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Chongqing's road to financial success
(Mar 12, 2013) CHONGQING - The municipal government of Chongqing has announced a medium-term plan to build Chongqing a financial centre in the upstream Yangtze River region where more than 1,200 financial companies and institutions will be based by 2017. The opinion note to make Chongqing a major financial base in western China ...
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Xiamen, Fujian receives 20% of capital from Taiwan
(Mar 08, 2013) XIAMEN, Fujian - Taiwan has become the second largest supplier of cross-border funds flowing into Fujian's Xiamen, sharing nearly 20% of Xiamen's cross-border capital inflow. In 2012, Xiamen received cross-border capital inflow of US$10.67 billion from Taiwan, an increase of 78.4% over a year ago. Cross-border capital from Taiwan constituted ...
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China Development Bank expands in Chongqing's loan market
(Mar 07, 2013) CHONGQING - China Development Bank (Chongqing) will support a small loan company in Chongqing's Yongchuan District in developing loan guarantee business for farmers, individual business operators and small companies. In the alliance, China Development Bank (Chongqing) has provided a loan of RMB160 million to the small loan company, Yongchuan Huiheng ...
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China's loan growth dips in Feb. '13
(Mar 11, 2013) BEIJING - China's M2 money supply grew 15.2% to RMB99.86 trillion in February but the growths in M2 and new loans were less than those in January partly due to seasonal factors. Announced by the People's Bank of China (PBOC) yesterday, the M2 money supply grew 15.2% in February 2013, ...
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Large bonds for small companies
(Mar 06, 2013) SHANGHAI - Jiangsu province claims first in small company private bond issuance when the first such issuance made debut in Shanghai Stock Exchange in late February, raising a total of RMB41 million. Issued jointly by three Jiangsu companies operating in the cement and non-metal mineral industries, the bond issuance was ...
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