www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Wenzhou financial reform

Details of Wenzhou reform due soon

By Gao Changxin in Shanghai (China Daily) Updated: 2012-05-22 10:31

The central government may officially issue detailed plans for Wenzhou's financial reforms as early as this month, a Wenzhou official has said.

The plan, which is expected to guide Wenzhou's ground-breaking financial reforms approved on March 28, will have 18 provisions, and it will be opened to public comment before being enacted, Zhang Zhenyu, head of Wenzhou's financial office, said in a speech to the Shanghai Advanced Institute of Finance on Sunday.

The 12-point blueprint allows residents of the coastal city to, among other things, invest privately and set up loan companies.

The reforms are aimed at making sure that the nation's private fund-raising and lending grow soundly after widespread defaults in Wenzhou last year.

With a deep tradition of entrepreneurship, Wenzhou is the nation's private capital powerhouse.

By bringing private money into the official banking system, Beijing is also hoping that cash-starved small businesses, which play a large role in supporting employment, will be able to obtain financing more easily and cheaply.

The central government's move will probably be an endorsement of a course of action proposed by Wenzhou last month, which plans to make financial services the city's chief industry by 2015.

Under the plan, Wenzhou is to have at least 30 rural financial institutions by the end of 2013. Those should include village banks, rural financial cooperatives and 100 micro-credit companies with 40 billion yuan ($6.35 billion) in net assets.

This year alone, the city is to add 30 micro-credit companies, which extend very small loans.

Meanwhile, six private asset management companies are to be set up by the end of this year, and a private equity fund, led by the city government, is to raise 3 billion yuan by 2015.

Wu Jinglian, an economist with the People's Bank of China, said at a forum in Shanghai that he is pessimistic about the reforms in Wenzhou. He said it is hard for a single region to change a nationwide financial system, and that the Wenzhou reform plan has a "certain meaning" but won't change the financial system fundamentally.

Chen said one of his office's next steps is to guide more private capital into the city's 11 rural financial cooperatives and turn them into regional joint-equity banks.

The office is also asking banking regulators to allow the city's private capital to set up financial leasing and trust companies.

Wenzhou will also be the first place in China to try out junk bonds, part of a national attempt to let small and medium-sized enterprises issue high-yield bonds through private placements, he said. But he added that requirements for such bonds are "too high".

gaochangxin@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产欧美在线观看不卡 | 欧美人与z0z0xxxx| 精品一区二区三区五区六区 | 久草综合在线视频 | 亚洲精品成人中文网 | 成人黄页 | 黄色在线视频网 | 夜色成人免费观看 | 精品一久久 | 日韩免费视频播播 | 亚洲午夜成激人情在线影院 | 66精品 | 亚洲高清免费观看 | 国产日韩精品欧美一区 | 欧美三级观看 | 成人三级做爰在线观看男女 | 亚洲欧美一区二区三区在饯 | 国产精品久久久久久亚洲伦理 | 品色堂永久免费 | 日本一线一区二区三区免费视频 | 国产欧美日韩在线观看一区二区三区 | 欧美日韩国产高清一区二区三区 | 国产一级大片 | 九九九热在线精品免费全部 | 欧美成人午夜影院 | 欧美三级成人观看 | 欧美freesex10一13黑人 | 视频二区 中文字幕 欧美 | 国语自产拍天天在线 | 啪啪一级| 黄网站色视频免费观看w | 日韩中文字幕免费 | 成人国产精品一区二区网站 | 免费观看一级一片 | a毛片全部播放免费视频完整18 | 国产精品91在线播放 | 手机看片日韩日韩国产在线看 | 国产在线精品二区韩国演艺界 | 亚洲国产精品一区二区三区在线观看 | 最新中文字幕一区二区乱码 | 日韩看片 |