China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1957)	12/13/2003 11:20:41 AM
From: RealMuLan	Read Replies (1) of 6370

Shenzhen to be ideal for financial industry development: acting mayor www.chinaview.cn 2003-12-13 21:40:59 SHENZHEN, Dec. 13 (Xinhuanet) -- This booming city facing Hong Kong across a river in south China's Guangdong Province will strive hard to turn itself into the most ideal area for financial business development. The pledge was given by Li Hongzhong, acting mayor of Shenzhen,during a recent forum on mutual funds held in the city. Shenzhen is one of the only two places with stock exchanges in the country.The other one is Shanghai. Shenzhen has always devoted itself to constructing a complete capital market setup, and has paid great attention to developing its financial sector. Mutual funds have become a striking characteristic of the city's financial business development, said the acting mayor. Finance is one of the three major industries that have receivedconcentrated development in Shenzhen, contributing 11.4 percent tothe city's gross domestic product (GDP) last year. According to Li, the city has worked out a range of preferential policies and detailed rules to boost the growth of the financial sector since the beginning of this year. news.xinhuanet.com

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