综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Quanzhou becomes pilot zone

By Wang Xiaotian (China Daily) Updated: 2012-12-26 09:34

Project explores innovation in products and provides capital for small firms

The city of Quanzhou in Fujian province has been approved as the third pilot financial reform zone in China, and will form a diversified and dynamic financial system to support the development of local enterprises over the next five years.

Quanzhou becomes pilot zone

A new area of Quanzhou, Fujian province. Approval has been given for Quanzhou to become China's third pilot zone for financial reforms. The other two pilot zones are Wenzhou in Zhejiang province and the Pearl River Delta in Guangdong province. Provided to China Daily

According to the plan jointly released by 12 ministries on Tuesday, the pilot project aims to diversify local financial institutions, explore more innovation in financial products and provide capital backup for small businesses.

The other two zones are the city of Wenzhou in Zhejiang province and the Pearl River Delta in Guangdong province. Both were approved earlier this year by the State Council, China's cabinet.

The financial reform plan submitted by Quanzhou was given the official green light on Dec 21, said local government officials at a news conference on Tuesday.

The measures to be implemented call for financial reform that will include bonds collectively issued by small enterprises, encouraging private capital to set up financial institutions, channeling financial capital from Hong Kong, Macao and Taiwan into the local financial system, and attracting banks, especially those from Taiwan, to set up branches in the city.

The Fujian provincial government has also proposed to let two foreign banks establish their branches and set up one joint-stock bank in the province, the China Securities Journal reported earlier in August.

Quanzhou is well-known for its private enterprises. For the past 30 years, private businesses grew at an annual rate of more than 30 percent. By the end of 2011, it had accommodated about 130,000 private enterprises, with 77 listed in the stock market.

"The city has a large amount of private capital, and it's essential to reform the local financial system to allow such capital to play a bigger role in the local economy," said Huang Shao-ping, mayor of Quanzhou.

Special Coverage

Wenzhou pilots financial reform

Related Readings

Financial reforms in Quanzhou planned

Moody's: China should speed up financial reforms

China financial reform urged to offset risks

Financial reform on fast track, says PBOC

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
四子王旗| 乐业县| 章丘市| 怀柔区| 齐齐哈尔市| 阳江市| 香港| 额尔古纳市| 临泉县| 石首市| 顺昌县| 金坛市| 尼木县| 信丰县| 呼伦贝尔市| 四子王旗| 油尖旺区| 双桥区| 手机| 松原市| 滕州市| 姚安县| 社旗县| 西宁市| 桃园市| 招远市| 新沂市| 罗源县| 磴口县| 西吉县| 合水县| 井冈山市| 海安县| 沾益县| 林西县| 高淳县| 淮安市| 同江市| 吉林市| 滨州市| 松原市|