Related News
Cash to help listed firms get through tough times
A BAILOUT fund of 10 billion yuan (US$1.44 billion) for listed private enterprises in Shanghai will be fully established by the end of this month, according to the city’s State-owned Assets Supervision and Administration Commission.
Shanghai released a raft of measures on November 3 to alleviate financing difficulties and reduce operation costs for smaller-sized private companies after Chinese President Xi Jinping called for more support for private enterprises earlier this month.
Since the beginning of this year, some listed private companies have temporarily experienced liquidity difficulties.
The establishment of the fund will help them to tide over difficult periods as well as support the healthy and stable development of Shanghai’s private economy, the city’s SASAC said.
At the same time, the city will build a platform for communication and exchange to better promote capital combination, integrative development and the cooperation of state-owned enterprises and private companies.
Five billion yuan of the bailout fund is now in place.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.