China News Direct

 
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Inland companies usher in new world of opportunities
(May 17, 2017) HEFEI, Anhui - The Tenth Central China Investment and Trade Expo (CCITE) was opened in Hefei, the capital city of Anhui province yesterday to re-affirm dual-way investments and trades with countries along Belt and Road. China's policy of connecting with countries and regions along Belt and Road is unprecedented. Probably this time, inland ...
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Banks lead in financial products
(May 19, 2017) BEIJING - There were more than 500 banking institutions issuing over 200,000 financial products in China last year, raising nearly RMB168 million for investments. China Securities Depository & Clearing Corporation Limited (CSDCC) data showed that 523 banks issued 202,100 financial products in 2016 to raise RMB167.94 trillion or about RMB14 trillion on average a month. The number ...
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New strategy earns State Construction 19% sales
(May 27, 2017) JIAOZUO, Henan - China Construction 7th Engineering Division Corp. Ltd. signed a strategic cooperation agreement with the municipal government of Jiaozuo city, Henan province to start nearly RMB60 billion of public work, yet it is just a fraction of all sales earned. The two sides will cooperate in many areas of construction, including constructing ...
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Henan FTZs to sign up 10,000 companies
(Jun 13, 2017) LUOYANG, Henan - About ten thousand companies are expected to have registered in Henan's Free Trade Zones (FTZs) by the end of this year, pooling energy for Henan's advanced industries and services. The province's data reveal that about 4,274 local companies registered and applied for a business permit in Henans FTZs ended this May. On average, there were a hundred ...
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Factoring creates breathing room for all
(Jun 29, 2017) BEIJING - The business of factoring will arise to a value of RMB2.4 trillion by 2023 when banks will face or compete head-on with non-banks in an expansive market. Factoring has become a tool of easing liquidity, especially for many micro and ...
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Sinopec cross sells card services
(Aug 08, 2017) BEIJING - Sinopec Shanghai Petrochemical Co. Ltd. (SPC) and China Telecom (Shanghai) signed a cooperation agreement to provide customers with a broader scope of services. SPC and China Telecom (Shanghai) will share resources in a bid to reach out to more customers or to go to businesses not yet reached. China Telecom (Shanghai) will provide wireless network coverage all ...
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Financial leasing league formed for Yangtze River Economic Belt
(Jul 21, 2017) SHANGHAI - Financial leasing companies have formed an alliance to support the development of financial leasing in the Yangtze River Economic Belt, vowing to provide at least RMB300 billion. Most of the major financial leasing companies in China are bank-backed, which give them substantial advantages and experience ...
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Tianjin's Dongjiang dominates big-ticket financial leasing
(Jul 29, 2017) TIANJIN - Tianjin's Dongjiang Free Trade Port (FTZ) Zone continues to dominate China's financial leasing of heavy equipment such as aircraft and vessels, announcing stellar growth in business despite challenges. Dongjiang Bonded Port Area saw 170 new financial leasing companies formed in the first half of 2017. These ...
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PPP shows great leaps in value
(Aug 04, 2017) SHANGHAI - China has pooled over RMB16 trillion of investments in public-private partnership (PPP) nationwide, covering projects in over 30 cities, provinces and autonomous regions. National Development and Reform Commission (NDRC) is calling for increased supervision of PPPs now that China has over 13,000 PPP projects on hand. How to make these projects flow smoothly with market ...
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Bank of China extends coverage for corn farmers
(Jul 28, 2017) TIELING, Liaoning - Bank of China and two companies in Liaoning province will provide insurance plus futures contracts to corn farmers, undertaking price risks and ensuring farm incomes. For the first time, rural cooperatives, corn farming groups, and farmers in hardship in corn growing areas in Liaoning province will be given relief in the form of ...
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