Business / Financial reform

Quanzhou becomes pilot zone

[2012-12-26 09:34]

The city of Quanzhou in Fujian province has been approved as China's third pilot financial reform zone. The other two are Wenzhou and the Pearl River Delta.

Private investment in rail project boosts Wenzhou

[2012-12-25 11:15]

Opening the door to private investment in State-owned railway infrastructure projects is a breakthrough in the financial reform in Wenzhou.

Wenzhou needs a change of tack

[2012-12-13 13:30]

Finance and investment reforms in Wenzhou in Zhejiang province are to be welcomed and represent a move toward a more liberal business environment.

Moody's: China should speed up financial reforms

[2012-11-26 11:45]

Rating agency Moody's said China must accelerate financial reform to sustain economic growth, as it forecasts the country's economy to grow 7.5 percent each year from 2012 to 2014.

Wenzhou unveils financial reform details

[2012-11-23 23:43]

Specifics of China's pilot financial service reform were released as the first bond issuance by a loan company in Wenzhou, Zhejiang province, proved successful.

Wenzhou to inject capital into SMEs

[2012-11-06 08:01]

Private funding is no longer the only way small companies can raise capital in Wenzhou as the city moves toward financial reform that will inject more money into the system to help small and medium-sized enterprises.

Wenzhou financial plaza launched

[2012-08-10 19:51]

A financial plaza in Wenzhou, Zhejiang province, was launched on Wednesday as part of greater citywide reforms that started in March after hundreds of businessmen fled the city from overwhelming debt.

Wenzhou plans to attract private medical investors

[2012-08-08 08:07]

Municipal government officials in Wenzhou, Zhejiang province, have developed new plans which could establish the city as the private medical capital of China.

Moving on, from surviving to living

[2012-07-23 09:44]

Exactly one year has passed, the 3-year-old last survivor of the deadly Wenzhou train accident is able to walk again and is taking the next steps in life.

Financial reform in Wenzhou comes to help

[2012-07-19 10:21]

A pilot financial reform aimed at helping small and medium-sized enterprises in Wenzhou get funding has been widely welcomed since its launch.

Wenzhou's small firms still struggle to obtain loans

[2012-07-07 14:17]

Small and medium-sized enterprises in Wenzhou are finding bank loans increasingly hard to obtain as the city's banks face a rising non-performing loan ratio.

Wenzhou investor wanted by police in possible tax scam

[2012-06-06 08:04]

Lin Chunping, a Wenzhou entrepreneur who fabricated a story about purchasing a US bank, is being sought by police on suspicion of illegally issuing value-added tax invoices.

Details of Wenzhou reform due soon

[2012-05-22 10:31]

The central government may officially issue detailed plans for Wenzhou's financial reforms as early as this month, a Wenzhou official has said.

Wenzhou SMEs get fairer deal

[2012-05-18 09:59]

Small businesses in Wenzhou can now be established with zero registered capital, and they can borrow using their equity as collateral.

Private lending shrinks in Wenzhou

[2012-05-14 15:25]

Private lending in Wenzhou shrank by 30 percent compared with August last year after the government set up a pilot zone in the city.

Private capital takes on financial reform

[2012-05-01 17:54]

The city of Wenzhou was a symbol of family workshops, township enterprises, small commodities, housing speculators and private capital.

Wenzhou opens new center for financing

[2012-04-27 07:33]

A center that will monitor and act as a clearinghouse for private lending opened in Wenzhou, Zhejiang province, on Thursday under a 12-point pilot plan to reform the city's financial industry.

Effective competition in financial sector key for Wenzhou

[2012-04-19 13:19]

Wenzhou should relax control over the entry of private capital into the financial sector in order to create sufficient competition, a bank official said Wednesday.

Wenzhou hopes to recruit more financial talent

[2012-04-17 15:05]

Wenzhou has started a broad-ranging recruitment campaign for financial talent, offering high-level jobs with annual compensation of up to 1 million yuan ($158,400).

PBOC governor visits pilot financial reform zone

[2012-04-11 10:08]

Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday during his tour of Wenzhou that the city being a pilot zone for financial reform should encourage private capital to flow into its financial sector.