• Thu
  • Aug 28, 2014
  • Updated: 1:03pm

Zhejiang

Wenzhou sets up fund to rescue small businesses

Wenzhou, known as the hub of privately owned businesses, plans to set up a 5 billion yuan (HK$6 billion) emergency fund to help bail out cash-starved small companies after crises involving underground banks.

Thursday, 3 November, 2011, 12:00am

Wenzhou sets up fund to rescue small businesses

Wenzhou, known as the hub of privately owned businesses, plans to set up a 5 billion yuan (HK$6 billion) emergency fund to help bail out cash-starved small companies after crises involving underground banks.

3 Nov 2011 - 12:00am

Taxing times

Hundreds of rioters confronted police, set fire to vehicles and hurled stones at public facilities in Huzhou, Zhejiang in a protest over rising local taxes. The trouble flared on Wednesday after reports of a confrontation between a factory owner and tax collectors. Photos: SCMP Pictures

28 Oct 2011 - 12:00am

200 bosses flee their creditors in Zhejiang

More than 200 business owners in Zhejiang, the mainland's cradle of entrepreneurship, fled or went into hiding in the first nine months of this year after their flow of capital dried up, an official report says.

12 Oct 2011 - 12:00am

Zhejiang bond issue seeks to raise 8b yuan

Zhejiang will raise 8 billion yuan (HK$9.76 billion) through a bond issue this year under a pilot scheme which allows local governments to borrow directly from the market, Xinhua said.

The province will use the money to mainly refinance infrastructure projects.

7 Oct 2011 - 12:00am

Internet office threatens action to curb rumours

The mainland's internet regulator issued a new warning yesterday against online rumours that it says disrupt social stability, citing several false stories that had been widely circulated online, Xinhua reported.

1 Oct 2011 - 12:00am

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