Copyright 2024 - Ningbo Life / Ningbo Expat

Yuyao granted more loans to enterprises

According to Yuyao Branch of the People's Bank of China, in the last year, the banking institutions in Ningbo further strengthened their services to the real economic bodies. In the squeezing macro economic situation, they made great efforts to support middle and minor enterprises and contributed to the stable and healthy development of the local economy. By the end of December 2011, the balance of domestic and foreign currency loans of Yuyao amounts to 95.86 billion yuan, 11.89 billion yuan more than the beginning of the year. Of the total, the balance of loans to small and medium-sized enterprises reaches 66.41 billion yuan, 8.44 billion yuan more than the beginning of the year. The total of loans to small enterprises accounts for over two thirds of the total of loans.

In the last year, Yuyao issued "Notice on Improving Financial Services for Middle and Small Enterprises", which provided a policy support for the development of small and medium-sized enterprises. In the meanwhile, the city took a series of actions to create a good environment for the financing of small and medium-sized enterprises.

All the financial institutions strengthened the support to the emerging industries. So far, 41 key scientific and technological programs of the city have got loans from the banks, which add up to 5.3 billion yuan. By the end of last year, the balance of loans reached 3.8 billion yuan, increased by 32% above the same period of the previous year, 16.26 points above the average growth rate of loans in the city

A ship of Maersk calls Daxie Port

On February 18, MAERSK EDISON, a ship carrying 13102 teus, called Ningbo Daxie China Merchants International Container Terminal. There it unloaded 7,575 TEUs and loaded 568 TEUs. It is the first ship of Maersk that calls Daxie Port, indicating that the AE20 line of Maersk was officially open in Ningbo Daxie China Merchants International Container Terminal. This line will considerably promote the shipping business of Daxie. MAERSK EDISON, of the UK, 141,649 in tonnage, is one of the largest container ships of Maersk.

Beilun recruits workers in Sichuan

Recently, with the support of the Beilun Bureau of Human Resources and Social Security, nearly 10 companies have formed a recruitment team and set out a tour to Chengdu and Guangyuan in Sichuan Provinces. With nearly 2,000 job vacancies, they planed to establish labor co-operation and the school-enterprise co-operation in Sichun Province.

Since 2004, Beilun District has the established labor co-operation program with more than 10 provinces and cities including Anhui Province , Sichuan Province, Jiangxi Province, Hunan Province, and Guizhou Province. In addition, Beilun has built more than 40 long-term labor co-operation bases, which have trained more than 30,000 skilled workers for the companies and factories. With the tight demand of labor this year, the labor co-operation bases serve as a "green channel" and alleviate the shortage of skilled workers in the textile, clothing, electronics and other industries.

In order to boost the development of the enterprises, Beilun also established long-term co-operation with 47 universities, aiming to attract high-level talents. In addition, a pilot program to invite graduate students to serve temporary positions in enterprises is underway. Days ago, Beilun Bureau of Human Resources and Social Security held talks with the school authority of Chengdu University of Technology on further cooperation and signed a series of agreements on talents supply and technology research

Foreign Trade with Europe and US via Ningbo Port grows explosively

Due to the severe cold spell in the northern hemisphere, Europe and US were terribly battered by the heavy snow recently. However, foreign trade enterprises in Ningbo find enormous business opportunities. According to Ningbo Customs, containers with down jackets, heating equipment and other commodities are being exported to Europe and North America.

Despite the instability and uncertainty of world economy, foreign trade enterprises in Ningbo are seeking new opportunities. According to the statistics from Ningbo Customs, the foreign trade via Ningbo Port reached 17.86 billion USD in January, 2001, up 4.2% over the previous year. EU continues to be the largest export market of Ningbo Port. The trade volume between EU and Ningbo was 3.63 billion USD, up by 4.4%, with 3.32 billion USD of export output increased by 5.3%. The export output to US market reached 1.95 billion USD, up by 4.8%.

Those responsive private enterprises took the lead to embark new market in Europe and US. Several days ago, Ningbo New Ziyuntang Aquatic Products Co. Ltd and American North Food Co. Ltd reached an agreement that traditional Chinese food like dried purple seaweeds and potherb mustard will be put into US market no later than March, 2012. Apart from the existing product lines, Ningbo South Pacific Hotel Device Co. Ltd has started to produce table furnishing articles and has seen orders filing in from EU market after Spring Festival. It is estimated that import and export output of Ningbo private enterprises has hit 8.45 billion USD in January, up 9.4% and accounting for 47.3% in the total volume that time.

Due to seasonal factors like the Spring Festival holiday, importations of plastics in primary forms, metal scraps, coal, grain and other resource commodities have decreased

Yinzhou to earmark 45 billion yuan to boost real economy

On the afternoon of February 6, five financial institutions at municipal levels signed a strategic cooperation agreement with local government of Yinzhou, in an effort to boost the development of the real economy in Yinzhou District. Vice mayor Su Limian attended the signing ceremony.
According the agreement, the five financial institutions including China Development Bank and Ningbo ICBC shall provide credit support of 45 billion yuan for Yinzhou in the next three years. Meanwhile, six banks entered into a collaboration with six financing bodies, providing loans (credit) amounted to nearly 3.8 billion yuan. The contracted projects shall cover the construction of urban infrastructure, new functional blocks, the development of new rural construction, and micro-enterprises.

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