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: 欧美一级欧美三级在线观看 | 真实的国产乱xxxx在线91 | 综合色99 | 三级黄色片 | 亚洲无av在线中文字幕 | av男人天堂网 | 免费黄色一级视频 | 乱人伦av| 成人字幕 | 成人精品在线观看 | 中文字幕视频免费 | 黄色精品在线 | 午夜av一区二区 | 日本h视频在线观看 | 亚洲热在线 | 性视频软件 | 亚洲综合在线一区 | 天天干狠狠 | 男人懂得网站 | 久久网免费视频 | 中文字幕www | 国产精品久久久久免费 | 国产精品久久久999 成人激情视频在线 | 午夜av一区二区 | 强开乳罩摸双乳吃奶羞羞www | 国产在线无 | 99热精品在线播放 | 亚洲欧美91| 天堂网视频在线 | 天天草天天草 | 国产第88页 | 日韩国产成人在线 | 樱花草www在线观看 糖心vlog免费在线观看 | 美丽姑娘在线观看免费 | 亚洲视频网站在线观看 | 色一情一乱一乱一区91 | 日本一区二区三区精品视频 | 亚洲成人伦理 | 另类自拍 | 中文字幕高清在线免费播放 | 中文一区 |