Financing service month for Taiwan-funded enterprises opened
- Details
- Category: Ningbo Business
- Published: Monday, 25 June 2012 09:39
On June 15, Ningbo Financing Service Month for Taiwan-Funded Enterprises opened in Nanyuan Hotel. The service month aims to improve the financial services for the Taiwan-funded enterprises in Ningbo and the environment for investment so as to give greater support to the cross-straits economic and trade exchanges.
At the opening ceremony of the service month, Ningbo Branch of Shanghai Bank singed an agreement with Ningbo Municipal Office of Taiwan Affairs on the comprehensive banking services of 5 billion yuan for the Taiwan-funded enterprises in Ningbo.
The investment by the Taiwan-funded enterprises in Ningbo covers 25% of the total investment Ningbo has introduced. And the Taiwan-funded enterprises play a great role in the process of the industrial upgrading of Ningbo. The global financial crisis has caused difficulties for the Taiwan-funded enterprises and to an extent affected the economic and trade exchanges of Ningbo and Taiwan. Under this situation, Ningbo Bureau of the State Foreign Exchange Administration Bureau hosted this service month to strengthen the cooperation in banking business between Ningbo and Taiwan, to strengthen the financial support to the Taiwan-funded enterprises and to promote development of places.
For the present situation when Ningbo's foreign economy suffers from tremendous pressure, in March, the Ningbo Bureau of the State Foreign Exchange Administration Bureau started a program entitled "Financing Service Year for Small And Medium-Sized Enterprises. With this program, Ningbo aims to strengthen the link between banks and enterprises, to enhance the financing environment and to give preferential financing services to the foreign-related small and medium-sized enterprises.
