Fiji Time: 3:31 PM on Tuesday 23 January

Fiji Times Logo

/ Front page / Archives » Article Index

'Innovative financing'

Reuters
Saturday, November 25, 2017

BEIJING - China issued guidelines on Monday aimed at boosting private investment in manufacturing, including stepping up fiscal support and "innovative financing" for private firms to gear towards greener development and move up the value chain.

The government will support private firms' fundraising efforts through products such as corporate bonds and asset-backed securities, as well as through fiscal measures such as tax subsidies, according to a statement posted on the industry ministry's weibo account.

The statement, which was jointly issued by 16 major central government entities including the People's Bank of China and the Ministry of Finance, also said the country will establish a national fundraising guarantee fund and expand the range of asset collateral that private firms could use for borrowing.

China has struggled to reverse weak private investment, particularly in key sectors such as manufacturing.

It has announced various campaigns in a bid to stimulate private participation, including in sectors that have monopolies in industries.

More recently, Beijing has heavily promoted the public-private partnership (PPP) model which channels private money into public infrastructure projects.

In the statement on Monday, it set out eight major tasks to tackle, stressing that private capital will be guided towards shaping the manufacturing sector in the direction of "high end, intelligent, green and more services-oriented".

China will also ramp up support for private firms in areas of manufacturing that are particularly weak and vulnerable, while encouraging more private involvement in transforming traditional industries via the "internet plus" model.

China is also pushing for private firms to go global and invest in overseas infrastructure projects such as high-speed trains and solar energy products.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62690.6079
JPY 56.387753.3877
GBP 0.35850.3505
EUR 0.41030.3983
NZD 0.69350.6605
AUD 0.63090.6059
USD 0.50460.4876

from

$0.00

Exchange Rate updated on 23rd, January, 2018

Today's Most Read Stories

  1. Talks to carry on
  2. Stolen sheep recovered
  3. France seeks Ryan's rugby skills
  4. Kepa to apply for SODELPA ticket
  5. School setback
  6. Plea for assistance
  7. Borehole ends water problems for villagers
  8. Region relies on air connectivity, says Khan
  9. Military to conduct live firing exercises
  10. Upgrade completed

Top Stories this Week

  1. Trip turns tragic Thursday (18 Jan)
  2. Mela beats the odds Thursday (18 Jan)
  3. The Iron Lady Monday (22 Jan)
  4. Tube ride to school Thursday (18 Jan)
  5. Nadi man dies in crash Wednesday (17 Jan)
  6. Patient info leaked Friday (19 Jan)
  7. ATS Impasse: Tribunal orders return of all workers in 48 hours Saturday (20 Jan)
  8. Mother, 100, seeks assistance for daughter, 50 Monday (22 Jan)
  9. Rasta's 'star' loves Fijian hospitality Saturday (20 Jan)
  10. Do the right thing and resign: Biman Sunday (21 Jan)