| China pledges more financial support for outsourcing industry |
|
| Thursday,September 10,2009 Posted: 20:44 BJT(44 GMT) |
| From:xinhuanet Article type:Translated |
A statement was jointly issued on Sept.9 by the People's Bank of China, the Ministry of Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission and the State Administration of Foreign Exchange. Acording to the statement,the Chinese government pledges more aid from the country's financial institutions to boost its outsourcing industry. Banks were asked to develop more policies and credit products tailored to the outsourcing business, especially for firms in the 20 pilot cities for the industry including Beijing, Tianjin, Chongqing and Shanghai. Insurance companies were also ordered to improve policies and create more insurance products for outsourcing firms.Outsourcing companies were encouraged to go listed in equity markets both at home and abroad to raise fund to increase their competitiveness.
As of June this year, China had 6,673 outsourcing firms employing 1.215 million people.
|
Bilateral Visits
