Ningbo Bank ranks No.1

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Category: Ningbo Business

Published: Tuesday, 07 August 2012 13:15

On August 3, China Bankers Forum & 2012 Release Conference for China Commercial Bank Competitiveness Evaluation Report was held in Ningbo Shangri-La Hotel. It is learned that ICBC ranks No.1 in all the commercial banks in China in terms of core competitiveness and CCB and BOC rank No.2. While among the comprehensive ranking of all city commercial banks with the assets of over 100 billion yuan in China, Ningbo Bank ranks No.1.

The 2012 competitiveness evaluation report for China commercial banks shows that in the last year, the assets of commercial banks in China reached a record-high 113.3 trillion yuan, up by 18.9% (more than twice of the increase of GDP) over the previous year. The net profit of domestic banking reached 1.25 trillion yuan, an increase of 39.3% compared with the previous year. The net profit of China banking industry in 2011 accounts for 29.3% of that of the global banking industry. Apart from the large commercial banks, over 140 city commercial banks realized a net profit of hundreds of millions yuan.

However, a series of economic changes and structural adjustment of financial system have threatened the outstanding profit capacity of the domestic banking industry. Since the beginning of this year, the increase rate of the domestic banking industry has been on the decline. Presumably, the trend will be more evident in the following years. Besides the impact of the deterioration of the international financial environment and the operating problems of the whole banking industry, the profound revolution of the domestic financial system based on the marketization of interest rates will force the banking industry to change its operating patterns, especially the profit patterns.

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Nine logistics enterprises are listed as the eighth installment of tax pilot enterprises

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Category: Ningbo Business

Published: Tuesday, 07 August 2012 13:10

The official website of State Administration of Taxation recently released the list of the eighth installment of tax pilot logistics enterprises, among which Ningbo Jiyang International Logistics, COSCO Logistics, Daganghuogui and other 6 enterprises are listed. Since August 1st this year, selected companies can enjoy the privilege of input tax deduction.

Logistics Association of Ningbo claimed that the pilot enterprises, subcontracting transportation operations to other units or individuals, can have a deduction of transportation fee that was charged by the subcontracting units or individuals from the original business tax. In this way, repeated taxation of business tax can be effectively resolved, and tax burden of logistics enterprises can be effectively reduced.

According to the statistics of Logistics Association, till now, there are a total of over 100 logistics enterprises in Ningbo, among which 60% are above 3A level. Previously, 20 local logistics enterprises have one after another been included in the list of tax pilot enterprises

Wine import in the bonded zone has a stunning performance in the middle term

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Category: Ningbo Business

Published: Tuesday, 07 August 2012 13:12

The latest figures from Ningbo Customs show that wine import accumulated to 4.416 million liters in bonded zone in the first half of this year, a slight year-on-year decrease of 3%. The total value stands at $22.74 million, up 8.8%; average import price at $5.1 per liter, up 12.2%. 90% of the goods are imported through Customs' special supervised area. And over 80% of imported wine are from French, Spain and Chile.

Ningbo bonded area has provided high efficiency for imported wine to pass the Customs and the supervision. Correspondingly, it has also established professional service platform, functioning as trade centre and exhibition centre, to provide multiple guarantee of quality and goods supply. Thanks to the "Ningbo Mode", the market of imported wine has witnessed a rapid and robust growth, from 3 companies importing wine in 2008 to 200 companies at present. Last year, 8.91 million liters of wine was imported making Ningbo the largest physical and professional wine-importing market in China.

A few days ago, symposium on imported wine (food) in free trade zone of China was held in Ningbo, discussing import mode and other topics. High appreciation towards Ningbo Mode was given by those in charge of industry regulators such as Market Operation Division of Commerce Department and Food Import and Export Chamber of Commerce and representatives from 14 bonded zones (Shanghai, Xiamen, Zhangjiagang, Fuzhou, Chendu, etc.) and some imported enterprises.

Ningbo Shopping Festival ushers in a "micro-blog marketing" boom.

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Category: Ningbo Business

Published: Tuesday, 07 August 2012 13:10

"Ningbo Shopping Festival is overwhelmed by crowds of people". "Today is Ningbo Shopping Festival, and everyone is shopping." Big discount and rich activities help gather a large number of people for this festival. Online shopping is also awesome, people showing off their "spoils of war" on the micro-blog and adding a dash of color to the festival.

The 2012 Ningbo Shopping Festival is the sixth one, which according to some careful netizens is slightly different from the previous ones. The organizer specially opened its official micro- blog to interact with netizens. On the eve of the festival, cartoon version of "Search", demonstrating culture ingredients of Haishu District, was micro-blogged as image film and forwarded by nearly 10,000 times, successfully making a good publicity with a large number of people attracted in a short period of time.

Low-cost or even zero-cost "micro-blog marketing" has been resorted to by many sellers as an efficient way of selling. During the festival, Intime, D.phone, and many other businesses release the latest information about discount and activity through micro-blog. In order to attract netizen, Intime also holds "fans festival" and provide special service for "the fans". Some can even have the luck to win big prizes.

"Micro-blog, featuring a fast speed of spreading and huge impact on the public, can form a good reputation and can sometimes reap unexpected results through independent forwarding by netizens." Said an insider, "using micro-blog to publicize Shopping Festival is a good start, and Haishu District will continue marketing in this way to elevate the popularity and influence of the Festival, enhance the interaction with netizen, and attract more people to join in, making the Shopping Festival a festival for all.

It is reported that, during the festival, the organizer also held a photography competition, named
"Recording My Own Shopping Festival". Citizens can record whatever seen or heard by complete photos or videos and send to a fixed e-mail box or "@" Ningbo Shopping Festival Official Micro-blog