日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Private lenders OK'd to fund railway project

Updated: 2011-11-12 09:10

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

WENZHOU -?Individual creditors have been given the green light to fund a multi-billion-yuan railway project in an eastern Chinese city where authorities undertook financial reforms for the city's huge informal private lending market, local officials said Friday.

The municipal government of Wenzhou, Zhejiang province, has approved the construction of four railways with an estimated cost of 80 billion yuan ($412.6 billion). The company created to oversee the project's construction and operation will have half of it total registered funding, or 7 billion yuan, covered by private lending.

Details of the financing have not been disclosed.

Observers say the move is considered an important "breakthrough" in the method by which infrastructure projects are financed in China and may help solve Wenzhou's private lending issues, which had boiled into a debt crisis felt by the city's numerous small- and medium-enterprises (SMEs) this year.

Most of the 9 million residents in Wenzhou, a city that boasts of its entrepreneurship, have some amount of money invested in the informal lending market, which promises higher returns than other investments.

However, more than 90 bosses of private companies in the city have been reported to have disappeared, committed suicide or declared bankruptcy -- invalidating debts of about 10 billion yuan ($1.57 billion) owed to banks and individual creditors pooled from the high-interest informal lending market.

Entrepreneurs said they turned to loan sharks this year when banks were ordered to tighten lending to curb inflation. The continuing credit crunch made them subsequently unable to repay the interests on the money they brought from the private lending market.

After Premier Wen Jiabao's tour of Wenzhou on Oct 5, the State Council, or China's cabinet, cut taxes and ordered state-owned banks to ease the credit squeeze to salvage cash-strapped SMEs in the city .

The city also initiated financial reforms to set up 100 micro-finance firms, two to four private capital management companies, and a private financing register center to transform Wenzhou into a private capital distribution center, measures that will help make private lending transparent and legal, officials had said.

The city will also pilot the market-based reform of interest rates, allowing deposit and lending rates to reach up to four times the benchmark rates, they added.

主站蜘蛛池模板: 97国产成人 | 亚拍一区| 久久久久久91 | 中文av一区 | 在线视频一区二区三区 | www性| 午夜在线免费视频 | 国产成人在线精品 | 99久久99久久精品国产片果冰 | 毛片在哪里看 | 国产免费av网址 | 国产男人的天堂 | 日韩在线| 成人中文字幕在线观看 | 香蕉福利视频 | 精品少妇一区二区三区免费观看 | 中文一区在线观看 | 精品国产一二三区 | 色播五月综合 | 一区精品在线 | 亚洲免费视频网站 | 欧美成人精品一区二区三区在线看 | 中文字幕区| 黄色免费网页 | 国产日本精品视频 | 日韩三级大片 | 久久精品国产免费 | 亚洲免费高清 | 四虎最新网址在线观看 | www天天干 | 日韩高清国产一区在线 | 国产一区二区高清视频 | 久久久视屏 | 欧美一区一区 | 四虎影视在线 | 97麻豆视频| 麻豆久久久久久 | 国产欧美在线看 | 中文字幕永久在线视频 | 日韩欧美一区二区三区久久婷婷 | 亚洲三级视频在线观看 |