private lending news
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Wenzhou mayor seeks central govt help for reforms
Wenzhou :: China | 2 months ago
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Those endorsements include allowing individuals in the coastal city to invest abroad directly; granting the numerous small-sum loan companies "financial institution" status; and enacting a law to institutionalize current private lending, Chen Jinbiao
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Filling the gap in Wenzhou's finance market
Wenzhou :: China | 4 months ago
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Close-up shots of Zhang Zhenyu on television on Dec 20 showed large beads of sweat running down his face as he gave an account of his past year of work to a critical audience consisting of the city's Party leaders and prominent people...Huafon Small-
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National pension fund set to reveal new funding deal
London :: Canada | 5 months ago
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In December's Budget, the Government announced that it was developing funds for SMEs ranging from 100m to 400m...BlueBay, who declined to comment, launched a Private Lending Business in 2011 designed to facilitate the flow of credit to small and
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Wenzhou expects substantial financial reforms
Wenzhou :: China | 5 months ago
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A building materials dealer borrowed 260,000 yuan ($41,335) from a lender at a monthly interest rate of 1.2 percent, much lower than the 4 percent in the past. This was done via the Wenzhou Private Lending Registration Service Center in Zhejiang
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Major lines for high-speed rail 'on track'
Beijing :: China | 5 months ago
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The 2,298-km line will connect Beijing and Guangzhou, capital of Guangdong province...The country's high-speed railway network will reach 50,000 km by 2020, with four north-south and four east-west main lines as the major routes. The Beijing-
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Private lending shrinks in Wenzhou
Wenzhou :: China | 6 months ago
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According to a survey conducted by the city's banking regulator, private lending was 30 percent less than in August...So far, some 800 financial intermediaries have shut down businesses. Courts in Wenzhou have on average handled around 100 cases a
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Officials' trips to be placed under more public scrutiny
Wenzhou :: China | 6 months ago
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Detailed regulations issued by the government of Wenzhou city, which is famous in China for its private economy, will take effect from 2013 and will make public the details of international trips taken by the city's Party and government officials.
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Private lenders offer little help for sagging SMEs
Wenzhou :: China | 8 months ago
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Though Wenzhou is on the frontline of financial reform, its financial situation appears 'to show little sign' of recovery, since it has become burdened with a high volume of non-performing loan s...Entering the 2,300 square-meter service hall of
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Private lenders offer little help for sagging SMEs
Wenzhou :: China | 9 months ago
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Though Wenzhou is on the frontline of financial reform, its financial situation appears 'to show little sign' of recovery, since it has become burdened with a high volume of non-performing loan s...Entering the 2,300 square-meter service hall of
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Emergency funds to aid capital-deprived SMEs
Hangzhou :: China | 10 months ago
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Local governments in Zhejiang province are setting up emergency funds for small and medium-sized enterprises that have failed to obtain loans from banks or other agencies underwritten by guarantee companies. It is not the first time that regional
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