Briefly

Port connections enhanced in Zhejiang

Zhejiang province saw connections between its rail and sea ports further enhanced as a local inland railway project between Jinhua and Ningbo reported big progress recently. China Railway Construction Corp said its unit in the province successfully bored a tunnel for a container station project on the Jinhua-Ningbo Railway in Suxi township, Zhejiang's Yiwu, on Sunday. The station, which will provide Customs clearance services and a stocking yard for outbound containers, will play a key role as a transfer hub for freight trains from inland ports, said China Railway 24th Bureau Group Corp, a State builder joining in the building of the station.

Value of privately offered funds up

The value of China's privately offered funds stood at 20.82 trillion yuan ($2.89 trillion) at the end of July, up from 20.77 trillion yuan a month earlier, said the Asset Management Association of China. The largest category was equity investment funds with a total size of 11.22 trillion yuan, followed by stock investment funds and venture investment funds. The number of registered privately offered funds stood at 152,878 by end-July, with 21,996 institutions managing these funds.

Xinhua - China Daily