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Category: Ningbo Business
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Published: Tuesday, 14 February 2012 11:43
Ningbo has launched a venture capital investment fund program that targets cooperation projects to be collected in public from today on.
With 250 million yuan earmarked for the first phase and 1 billion in total, the fund is non-profit. It aims at motivating the financial fund to give its leverage effect. By supporting commercial venture capital enterprises, the fund encourages social capitals to enter the field of venture capital, which is expected to improve the environment for venture investment in Ningbo.
According to the city's industrial development plan, the fund will mainly flow to areas of new materials, new equipment, new energy, new communication technology, marine high-tech, energy saving and environmental protection, health and creative designing. The fund will be for sharing but not holding equities, so as to ensure the decision-making independence and commercialized operation of venture capital businesses and startups.
To insure that the fund is wisely used, the government of Ningbo specially sets up a management committee as a decision-making body for the fund. Also, Ningbo Industrial Investment Group sets up an initiation fund management company, which is in charge of fund and investment. It will largely boost the development of startups and high-tech enterprises.
The projects to be collected mainly include two kinds. One is temporary equity projects, for which the fund will be introduced to venture capital businesses in the form of equity investment and it will retreat within an agreed period of time. The other is follow-up investment projects, for which the fund will be invested on startups selected by venture capital companies (which will be jointly funded by the fund and the venture capital companies). Projects of this kind must be in the administrative regions of Ningbo Municipality
All of the venture capital companies and high-tech enterprises that meet the conditions can apply. The fund will be available for projects that meet specific requirements, so as to better contribute to the transformation and upgrading of industries in Ningbo.
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Category: Charity Ningbo
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Published: Tuesday, 14 February 2012 11:42
As type A and type O blood is in short supply in the central blood bank of Ningbo, many medical workers volunteered to donate blood in response to the call from Health Bureau of Ningbo. Till the afternoon on February 3rd, more than 500 medical workers from about 10 medical establishments have donated 160,000ml blood.
More blood is needed as hospitals receive more surgical patients after the Spring Festival, especially type A and type O. To relieve the pressure of blood supply and ensure the sufficient supply of blood for clinical use, Ningbo Blood Organization has started the emergency mobile blood bank donation campaign since January 1st. Till the afternoon on February 3rd, more than 500 medical workers from about 10 hospitals have donated 160,000ml blood.
During the Spring Festival, blood supply in the central blood bank of Ningbo amounts to 60,000ml per day. But the demand increases after the festival, which leads to a lack of blood in the bank., Xu Haidong, Deputy Party Secretary with The Second Hospital, together with other 20 people went to the blood bank February 3rd for blood donation. "Blood is in short supply recently. As medical workers, it is our duty to donate blood to surgical patients voluntarily", he said
Thanks to the emergency mobile blood bank campgain and voluntary blood donation by medical workers, the supply of blood for medical use has been largely improved. It is said that in the following days, more medical workers will donate blood, making the total number of donors reach 1000
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Category: Ningbo Business
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Published: Tuesday, 14 February 2012 11:41
Statistics released by the Municipal Trade Bureau on February 8 show that in 2011, 20 large department stores in Ningbo achieved a total sales of 9.168 billion yuan, an increase of 15% year-on-year, while 19 large supermarket chains achieved a total sale of 19.146 billion yuan, an increase of 9.9% year-on-year.
With growing urban and rural markets, branches and outlets of major shopping malls and supermarket chains sprung up last year. Statistics show that 20 large shopping malls opened 31 branches while the 19 large supermarket chains set up 939 outlets last year. With more stores opened in suburbs and rural area last year, the rural consumer market saw a large sales growth. Large shopping malls including Ninghai Pacific Department Store, the Beilun Jinhui department store, Lisi department stores, and Yuyao Tianyi shopping mall have gained a sales growth of 20% or more. Meanwhile, the supermarket chains targeting in suburbs like Jiabei, Kaikai, RT-Mart saw an average sales growth of 15% or more.
Last year, due to the uncertainties from both domestic and international market, a large gap in sales loomed among department stores and supermarkets. Last year, 3 shopping malls and 5 supermarkets reported their negative growth of annual sales, with one supermarket going bankrupt
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Category: Other News
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Published: Tuesday, 14 February 2012 11:40
In the past five years, Ningbo has achieved remarkable results in traffic infrastructure construction including highway, railway, aviation and shipping. Investment in traffic construction is booming with a total input of 74.76 billion yuan within 5 years.
Highway
With the accomplishment of Hangzhou Bay Bridge, Zhoushan Mainland-Islands Linking Project and Ningbo Round-city Expressway, Ningbo has equipped with a well-developed highway system, shortening the journey to any city in the Yangtze River Delta to 2 hours' ride. Currently, the total length of highways open to traffic reached 415 km and the total length of road has reached 10,455 km, with 937 kilometers as arterial road. Road density (km per 100 sq. km area) is reported as 106.5, reaching the level of moderately developed countries. At present, except several villages on islands, all the administrative villages in Ningbo can be accessed by regular buses.
Rail
The construction of the Ningbo-Taizhou-Wenzhou Railway has changed the Ningbo unfavorable position as a terminal of railway to that of a regional hub. The total length of railway reaches 259.31 km, with 93.3 kilometers as newly built railway. Through the Xiaoshan-Ningbo line, a railway network has formed, connecting Zhenhai, Beilun Port with Zhejiang - Jiangxi line and Shanghai-Hangzhou line.
Shipping
In 2007, the container throughput of Ningbo Port was 9 million TEUs and the cargo throughput stood at 344 million tonnes. Until last year, the container throughput has reached 14.51 million TEU while the cargo throughput reached 433 million tones, resulting in Ningbo's current ranking in terms of container volume move up to the third place nationwide and sixth place worldwide. Currently, The port has a network consisting of 236 shipping lanes, covering over 600 ports in more than 100 countries in the world. The indirect hinterland of Ningbo Port has expanded to Anhui Province, Jiangxi Province, Hubei Province, Hunan Province and Sichuan Province, making Ningbo port a main line port for ocean-going container transport.
Services
Improvement of transportation facilities goes long with better services. Ningbo bus stations offers the online booking system and telephone booking system, which enable passengers to make payment at home and collect tickets in a nearby bus station. Meanwhile, the railway station, the taxi company and airport also offer new services to enhance the convenience for the public