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, 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
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 Pictures28 Oct 2011 - 12:00am
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 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
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