Copyright 2024 - Ningbo Life / Ningbo Expat

Hangzhou Chamber of Commerce in Ningbo founded

Hangzhou Chamber of Commerce in Ningbo was founded on November 19. Zhang Weiwen, Chairman of Ningbo Chamber of Commerce in Hangzhou sent a congratulatory letter. Cui Xiuling, Vice-director of the Standing Committee of Ningbo People's Congress and Chairman of Ningbo Federation of Industry and Commerce, delivered a speech in congratulating the establishment of the chamber.

In the founding ceremony, the Ningbo branch of Hangzhou Bank granted a credit line of up to 300 million yuan to chamber members, providing funding for medium, small and even micro enterprises. Besides, Ningbo Association of Senior Professors signed a friendly and cooperative agreement with the chamber

Housing price declined slightly

On November 18, National Bureau of Statistics of China released the sales prices of residential buildings in 70 medium and large-sized cities in October. According to the statistics, in October, the price of newly-constructed residential buildings in Ningbo dropped by 0.2% over the same period last year, and it is the first decline in 2011. Compared with that of the previous month, the price dropped by 0.4%, down another 0.3% over the figure in September.

Among the 70 medium and large-sized cities, Ningbo and Wenzhou are the only two cities to witness decline in the housing price in October. Statistics also show that the sales price of second-hand residential buildings dropped by 1.3% over the same period last year, and down 0.2% over the previous month

Mayor Liu Qi on visit to Japan, Canada and Cuba

With approval from the State Council, Mayor Liu Qi set out to visit Japan, Candada and Cuba the other day, on invitation of The Association for the Promotion of International Trade, Japan, Canadian MAG company, and Cuban Embassy in China.
In Japan, Liu Qi would attend the serial activities of the Japan Ningbo Week, visit famous transnationals and negotiate on industrial cooperation projects. He would also try to promote the cooperation with the advanced manufacturing industries of Japan and seize the opportunity of Japan’s industrial transformation to undertake some industrial transfer and to promote the economic development of Ningbo.
In Canada, he would talk with Sino-Canada Trade Council, learn about the investment projects of Ningbo in Canada and seek more opportunities for Ningbo companies to make investments there. He expected to undertake some cooperation in mining and energy fields.
In Cuba, he would meet the trading ministry and learn about the market needs, in a hope of seizing some cooperation opportunities. He would also visit the Chinese embassy in Cuba and learn about the economic cooperation of Ningbo with Cuba. 
Vice mayor Wang Renzhou was also with the delegation to the three countries

The first Marine Industry Fund Company established in Ningbo

The first fund management company for marine industry--- Ningbo Marine Industry Fund Management Company officially established on the afternoon of Nov. 15, which was a key breakthrough for Ningbo, as the core zone of marine economy development in Zhejiang Province, to accelerate the development of strong marine economy, promote regional economic restructuring and improve the capability of serving for Yangtze River Delta.

In August this year, Shanghai and Ningbo signed a cooperation agreement on setting up Ningbo Marine Industry Fund worth 10 billion CNY in the matchmaking meeting for Ningbo’s integrating into Shanghai International Financial Center and International Shipping Center. The fund management company is financed 60 million CNY by Shanghai Shipping Industry Fund Management Co., Ltd, Ningbo Development & Investment Group Co. Ltd and Ningbo National Hi-tech Zone Development & Investment Corporation, and they are the initiator, raiser, investor and manager of Ningbo marine industry fund.

The fund will mainly invest in marine and related industries such as port industry and industrial clusters, port service industry, modern freight forwarding industry, shipping industry, coastal tourism, modern marine fisheries, marine high-tech and emerging industries, etc. By means of providing comprehensive business services and promoting marine industry development level for marine and related industries in Ningbo and Zhejiang Province the fund will upgrade the marine industry development and promote Ningbo to become “a big international marine economy city” and “a global trade and logistics port”. At the same time, the fund will speed up the construction of Ningbo’s incorporating into Shanghai international financial center and international shipping center, strengthen communication and cooperation between Ningbo and Shanghai and promote Ningbo’s integrating into Great Shanghai Economic and Financial Rim. All these are good for playing their synergic effect and realizing win-win cooperation.

For the next step, the fund management company will raise fund for the first time. Shanghai Shipping Industry Fund Management Co., Ltd, Ningbo Development & Investment Group Co., Ltd and Ningbo National Hi-tech Zone Development & Investment Corporation will together invest 500 million CNY. The rest will be raised from private enterprises, financial institutions, investors within and outside of Ningbo. The fund will be above 10 billion CNY

Tang Yijun visited Hefeng Creative Square

On his visit to Hefeng Creative Square on the afternoon of November 14, Tang Yijun, chairman of Municipal People's Political Consultative Conference, emphasized that we should adhere to the principle of great leap-forward construction, new concept management and high-end development, forging it into a leader of creative industries both at home and abroad.
On the afternoon, Tang Yijun arrived at the core area of Three-River Mouth (or Sanjiangkou) to survey Hefeng Creative Square. He successively visited the Exhibition of Ningbo Industrial History, Ningbo Dongfang Ship Designing Institution Co., Ltd, Ningbo Artop Industrial Design Co., Ltd, Fiocco Fashion Design Academy, Ningbo Style Automobile Technology Co., Ltd and Hefeng Design Exposition Trading Center. He had a cordial talk with heads of related companies and knew their developing situations. Then Tang also debriefed the report given by Ningbo Industry Investment Group Co., Ltd about the construction and operation of Hefeng Creative Square.
Tang gave a full affirmation on its construction of high quality, high efficiency and high level. He also said from then on, as to the construction and management of the park, we should be far-sighted, home-based and global-visioned, and bring in creative enterprises matching to the park and work hard to become domestic first-class and international well-known park.
To build a creative park of unique quality and famous brand, we should establish new concept, innovate new management and operation mechanism in the spirit of delicacy management, individuation management and characterization management. Besides, we should take high quality and standard as the priority consideration and make it a high-end center through high grade enterprises, high level products, high standard management and high quality employees.
Finally, Tang said “in the past, members of Municipal People's Political Consultative Conference always concerned the construction of Hefeng Creative Square which received lots of views and suggestions from the members. In future, we will still perform functions and give full play our advantage to make new contribution to the development of Hefeng Creative Square.”
It is learned that Hefeng Creative Square which was officially opened on October 20 covers an area of 85,400 square meters with a floorage of about 340,000 square meters and its investment totals 3 billion yuan. So far, some 63 famous designing institutions from home and abroad have signed contracts and its signing rate reaches 57.2%. The main park occupies 131,500 square meters. By 2013, it is estimated that the number of enterprises settled will increase to 100 and the annual output of the enterprises will be over 2 billion yuan.
Wang Biheng, secretary-general of Municipal People's Political Consultative Conference, and others also accompanied the survey

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