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Category: Governmental News
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Published: Tuesday, 16 April 2013 10:18
"With the subsidized loans of 500,000 Yuan offered by the government, my fruit production area can be expanded from 500 acres to 800 acres.” Yao Chunmei, a college student entrepreneur, successfully applied for the small secured loans 50 million on April 8.
In order to encourage start-up and promote entrepreneurship and job creation, a notice was jointly issued by the Ningbo central sub-branch of the People's Bank, the Ningbo Finance Bureau and the Ningbo Human Resources and Social Security Bureau the other day, which further improved relevant provisions for the appliers, loan limits and application procedures.
Specifically, except for urban registered unemployed residents, demobilized soldiers, qualified rural labor force, college students and fresh graduates, founders of entrepreneurial entities with Ningbo’s household registration and college graduates who graduated from colleges with five years are included as qualified appliers. After returning the principal and interests, the government will subsidize the whole interests for them. If they apply the loans for one year, they can renew their loans for another two times.
Read more: Ningbo Improves Small Loans Policy
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Category: Ningbo Business
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Published: Tuesday, 16 April 2013 10:17
The Beilun customer sub-center of the Ningbo Electric Power Bureau carried out an acceptance inspection to the PV projects of the Ningbo Sino-Italian Photovoltaic Co., Ltd. and completed meter installation on April 8, marking the formal cut-in of the largest PV projects of Ningbo.
The demonstration projects of 1200 KW of photovoltaic power generation which adopted a 380V user’s side network system were invested and constructed by the Ningbo Sino-Italian Photovoltaic Co., Ltd. The total installed capacity of the projects reached 1200 KV.
In the process of cut-in, the Beilun customer sub-center of the Ningbo Electric Power Bureau offered great assistance and opened a green channel to ensure the pre-project work to be carried out smoothly. Today the output of the PV projects reaches 2639 kilowatt-hour per day and 95 million kilowatt-hour per year, which can reduce carbon dioxide emissions of 804 tons, sulfur dioxide emissions of 2.6 tons and standard coal consumption of 307 tons.
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Category: Ningbo District
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Published: Tuesday, 16 April 2013 10:16
Benefited from the construction of inland dry port and the operation of the five-set scheduled trains, Sea-Railway Transportation in Ningbo Port increased by a big margin. According to Ningbo Customs data, the sea-rail container throughput of Ningbo port reached 23,248 TEUs in the first quarter of this year, an increase of 74% over the same period last year, ranking the second largest port of sea-railway transportation.
The liner carriages of Ningbo-Taizhou sea-railway transportation were raised form four pairs per week to one pair per day since January of this year. The cargo throughput of Taizhou exported through Ningbo Port increased by three times over the same period last year. At present, Ningbo Port has opened five-set scheduled trains to Taizhou, Jinhua, Shangrao of Jiangxi Province and Xiangyang of Hubei province. Over 30 dual-trip trains were sent weekly. At the same time, the construction of inland dry port was accelerated in Zhejiang Province to build one-stop port services for local foreign trade enterprises.
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Category: Governmental News
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Published: Tuesday, 16 April 2013 10:15
Data from the Foreign Exchange Center in Ningbo showed that the foreign exchange transactions of Ningbo reached 347.8 billion US dollars, up by 35.9 percent against the previous year, right after that of Guangzhou and Shenzhen. Total cross-border capital receipts and payments was over 160 billion US dollars, which means that every citizen has a foreign net income of over 30 thousand yuan every year, estimated by a resident population of six million people.
Along with the increase of enterprises’ and individuals’ demands for foreign exchange transactions, the number of financial institutions for foreign exchange settled in Ningbo increased as well over the last a few years. Till the end of 2012, 44 banks had the business of foreign exchange. The agencies with the business of foreign exchange settlement and sales totaled at 870, involving over 20 kinds of foreign exchange products which include foreign exchange settlement and sales, option, letter of guarantee and fund raising and other businesses.