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Category: Governmental News
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Published: Tuesday, 20 November 2012 09:30
The signing ceremony for the settling of the East-China sub-center of China Automotive Technology & Research Center (CATARC) in Hangzhou New Bay area was held on the morning of Nov. 16. CATARC, Ningbo Entry-Exit Inspection and Quarantine Bureau and the Administrative Committee of Hangzhou New Bay area signed the agreement together. Officials attended the ceremony include Zhou Jiangyong, a member of the Municipal Standing Committee, and Zhao Hang, the director of CATARC.
It is learned that the total investment of the project is over 500 mln yuan and the investment for fixed assets is more than 300 mln yuan. Upon completion, the sub-center is able to conduct such functions as vehicle inspection, tests for electronic system, auto energy-saving and emission-reducing system, and tests for lighting appliances and other key automotive parts.
According to an official of the Administrative Committee of Hangzhou New Bay area, Hangzhou New Bay area, as the strategic platform for Zhejiang’s marine economy, has gradually evolved into an emerging automotive industry sector of the Changjiang River Delta region. The set-up of the sub-center can not only provide test services for cars in East China, it can also provide support to the building of automotive industry base and offer help to the sustainable development of the area’s automotive industry as well as the construction of automotive community.
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Category: Ningbo Business
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Published: Tuesday, 20 November 2012 09:24
Yinzhou Bank openly issued 2 billion yuan of financial bonds in the national inner-bank bond market a few days ago, and the raised funds were set to loan to small and micro enterprises. It becomes the first rural financial institution across China which got the approval to issue that kind of financial bond.
The bonds spans three years with an interest rate of 5 percent. According to relative personnel of Yinzhou Bank, the bank would decide the lending rate in terms of the raised funds, providing preferential rate for medium-sized, small and micro enterprises as much as possible. The amount of loan is expected to reach four bln to five bln in 2013, and the beneficiaries will increase by 600 companies, a fact indicates that those companies can hire 24,000 more workers and create output value of five bln yuan.