Tag Archives: yiwu news

Yiwu Miracle, Thanks to “ Yiwu spirit”

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Yiwu spirit to create a miracle Yiwu

Yiwu spirit driven “in Yiwu exercise the day, I fully aware of the integrity of the Yiwu people work hard, pragmatic spirit. Yiwu, the miracle of today is inseparable from ‘Qin Geng studious, upright Yong, integrity and inclusive’.Yiwu merchants a dime to make money, I should start from the bit by bit, to play to their expertise, dedication to personal power for the ‘Yiwu pilot’. “yesterday morning, the Local Taxation Bureau of Zhejiang Province, Xu Lijun’s remarks at the provincial authoritiesthe civil service practice and training base site to promote the conference aroused great sympathy.
    Xu Lijun, director of the Office of the Provincial Local Taxation Bureau staff member, management committee, assistant director of attachment to Yiwu international trade city is now.

    At present, Yiwu, a total of five units are classified as civil service practice and training bases of the provincial authorities, are Yiwu inland port station construction headquarters, the Administrative Committee of Yiwu international trade city , Zhejiang University School of Medicine, Yiwu Hospital Affiliated Construction Command Ministry of Yiwu economic Development Zone and Hangzhou long railway passenger line Yiwu section of the construction headquarters. In October 2010, the Provincial Party Committee Organization Department selected five provincial organs of civil servants, respectively, to Yiwu five bases in the testing exercise.

    In yesterday’s provincial authorities civil service practice and training bases to promote the conference, more than 40 attachment to the province of practice and training base for officers toured the construction project the Ministry of Yiwu in the construction of financial business district, Zhejiang University School of Medicine City Hospital as well as inland ports and other projects, and to listen to a related presentations and admiration Yiwu construction of a major project.

    Yiwu boost bases in practice the “three”, that is to grasp the three principles to improve the three mechanisms, to take the three initiatives. Three principles focus is reflected in the choice of the base, so that can “ground air” can exercise the cadres, good working atmosphere; three mechanisms in the base to establish a sound rotation exercise mechanism, mentor Bangdai mechanism and regular exchange mechanism ; the three initiatives was fully trust in the political, the work is fully let go, life sufficient interest.

    Through nearly two years of testing and tempering, Yiwu attachment cadres both exercise enhance, but also effective in promoting grassroots cadres in Yiwu style change.

Yiwu small loan company encouraged – Yiwu News

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March 28, the State Council announced the establishment of Wenzhou City finance comprehensive reform pilot area, a total of 12 key elements, of which there is a small loan company: to encourage and support private capital to participate in the reform of the local financial institutions in accordance with the law initiated the establishment of new shares of village banks, finance companies, rural fund cooperatives and other financial organizations; meet the requirements of small loan companies can be transformed into a village bank.

　　Small loan companies are expected to be restructured for the rural banks, this is not only the voices of a number of small loan companies in Wenzhou, the country, including Yiwu, including small loan companies look forward to. Today, Wenzhou First pilot microcredit companies restructuring for rural banks, Wenzhou is definitely a big breakthrough, but also the future development direction of the city’s small loan companies opened up the imagination.

　　Small loans is expected to quench their thirst “

　　Converted into a village bank, which is the number of small loan companies set up its mind, not bare can lend deposits, this trouble can be solved to some extent, small loan company funds hungry. 12 an important part of the Wenzhou City finance comprehensive reform pilot area “highlighted” eligible small loan companies can be restructured into a village bank.

　　Last year, the bank monetary policy tightening, a shortage of funds of enterprises, small-loans business is quite good, but is also facing the embarrassment of funding constraints. Remember that the funds of a small loan companies in the city all the loan-out, customer loans need to make an appointment. At that time there are more than 50 million yuan loan funds waiting in line.

　　To solve the financing problems of small loan companies, in fact it is indirectly solve the problem of the small micro-enterprise financing. Wenzhou SME Development Association president Zhou German also said that after the interview with the media The Wenzhou finance comprehensive reform pilot area is an ice-breaking trip, can introduce a large amount of capital used to support the industry, promote local economic development.

　　Good listed companies involved in micro-loans

　　Up to now, the city a total of Langsha, benefit providers, Sanding, Sunbeam and three other small loan companies, and look of these small loan companies, Sunbeam outside the small loan companies, the remaining three are the background of listed companies . In fact, the Shin Kong Group is also actively preparing for listing.

　　Listed companies involved in the microcredit field, took a fancy to the future prospects of small loan companies, and hopes to use this as a springboard to enter the financial industry.

　　CITIC Securities Yiwu stakeholders of the business department, said the future direction of the small loan companies to transform into urban banks, small loan companies can greatly enhance the development space.Although the overall strength of the small loan companies can not with the commercial banks to compete, into a town bank deposit and loan business, has expanded its business development space, can greatly enhance the performance of related companies. Listed companies for investment in these small loan companies, is a big plus.

　　There are worries the excitement of the Yiwu small loan company

　　The small loan company is expected to be transformed into village banks, no doubt is good news. Person in charge of the the Yiwu number of small loan company after hearing this news, the future development is full of confidence, see hope. However, due to restructuring rural banks must comply with the relevant conditions, where there is a very critical threshold: the largest shareholder of financial institutions.

　　Throughout the the Yiwu existing set up a small loan company, its main launch per capita is not a financial institution, private enterprises. Therefore, Yiwu, a number of small loan companies center in doubt, this reform in Wenzhou content just looks beautiful, but the actual operation is quite difficult.

　　From the balance sheet channel a “village bank restructuring of small loan companies, certainly is good news, but from the current real situation, the process would be difficult. Yiwu banks so many rural banks to compete? Alone. Village Bank is almost no advantage at all. “Yiwu benefit providers of small loan companies, the official told reporters.

　　Yiwu opened more than three months Sanding small loan companies is even more low-key, said: “before we opened, the moment is to do their own thing to do to prepare for the next phase of business development.” The who the so-called business development is to increase their investment, and so on, the village banks is the future direction and goals.

ASEAN-China agency to raise FTA awareness

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CHINA – The ASEAN-China Center aims to help China and members of the Southeast Asian bloc extract more benefit from the regional free trade agreement, the center’s Secretary-General Ma Mingqiang told China Daily in an exclusive interview.

The inter-governmental organization will provide lectures by economic experts about the ASEAN-China Free Trade Area, which by 2015 will include China and all 10 ASEAN member countries, beginning in May in China, Ma said.

“We will tell businesspeople directly what the ACFTA is and how they can use it reduce their costs and strengthen their companies,” said Ma.

However, many people in China and ASEAN member countries are not aware of the ACFTA.

For instance, the city of Yiwu in Zhejiang province is renowned as a shopping paradise for small commodities, which have a big market in Southeast Asian countries.

But many Yiwu businesspeople are not familiar with the ACFTA and sometimes end up paying higher tariffs when exporting to ASEAN countries.

Similarly, companies in Indonesia, famous for its raw rubber, often sell the natural resource to countries that have higher tariffs.

The population is not aware of the advantages of the ACFTA, said Ma, adding that the center “will go directly to enterprises at the basic level”.

The initial framework agreement of the ACFTA was signed on Nov 4, 2002 in Phnom Penh, Cambodia, which is the chair country of ASEAN this year and will host the 20th ASEAN Summit on Tuesday and Wednesday.

The ACFTA, which currently includes China and the six original members of ASEAN – Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, came into effect on Jan 1, 2010, making it the largest free-trade area in terms of population and the third-largest by nominal GDP at a combined value of US$6 trillion (S$7.5 trillion) in 2008.

The remaining four countries will follow suit in 2015.

According to the ACFTA, tariffs have been eliminated for about 7,880 product categories, or 90 per cent of the imported goods.

February Yiwu market has not been fully restored

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February Spring Festival of Utah, popular yet been fully restored, the market activity is not active, the Commodity turnover to achieve 3.035 billion yuan in February fell by 147 million yuan, compared with January, qoq to 4.62%. pointed out by “issued by the Trade and Industry Bureau of Yiwu City, the latest issue of Yiwu Market Credit Index report” (hereinafter referred to as the “Report”) that by the transaction amount fell affect, February Yiwu market transactions active index ring than the decline in the 9.25%, and drag on the month market credit index remained level in January, to close at 138.48 points.

　　February the four sub-index of the classification market credit index in Yiwu “three liters down”. In addition to active trading index decreased 9.25 percent to 113.98 points, the remaining three sub-index has increased to different degrees. Mass index of goods ring up 0.67 percent to 151.13 points; merchants satisfaction index 148.22 points, increased by 1.28%; 10.87% gain, the risk control index closed at 145.80 points.

　　Yiwu Market Credit Index colored lights warning subsystem monitoring, in February, the Yiwu Market Credit Index and the four sub-index value of more than 110 points in a safe “green light” area.Monitoring of the index fluctuations warning subsystem, the magnitude of active trading index changes of less than -5%, belong to the deterioration of situation of “W” (Worse); risk control index changes by more than 5 percent, belong to the “B “(Better) changed for the better condition; changes in amplitude of the composite index, the index of the quality of the goods and merchants satisfaction index in the range of -5% to +5%”, belonging to the “N” (Normal) normal conditions.

Yiwu Last Round for Hardware Exhibition

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The Ninth China International Hardware Fair (hereinafter referred to as the “Hardware”) will be held in Yiwu International Expo Centre from 21-23 April. Sprint stage in less than a month, the hardware will be staff of the organizing committee is still hard to publicize and promote, with the help of industry associations and the appeal of well-known show, do a good job the last breeze Merchants.

　　After years of development, hardware has become a domestic hardware and electrical industry, high-profile international professional exhibition, the exhibition scale, outward, turnover and other indicators are among the best in professional exhibition in the country with hardware appliances category was named “Top 10 national trade exhibition” National trade show, the GTA “.

　　It is learned that this hardware will set the international standard booths 1200, covering electronic and electrical appliances, hardware tools, machinery and mechanical and electrical, building hardware, daily hardware five industries. Up to now, the hardware will have completed more than 90% of the booth arrangement, exhibiting companies from Zhejiang, Guangdong, Shandong, Hebei, Jiangsu and other places.

　　Relevant person in charge of the organizing committee introduced this year in the breeze process, the organizing committee and the local professional association in close cooperation, respectively, with the padlock Industry Association of Zhejiang Province, Jinhua City tool industry associations, the Association of Machinery Industry in Yiwu City, Guangdong Province tide On CAITANG the power of the Association of stainless steel products, the organize the enterprises to large-scale exhibition.Guangdong Province, Chao Cai Tong Stainless Steel Products Association last year’s visit to the show, exhibitors are very interested in this year, they have to apply to the organizing committee for about 40 booth. “The official told reporters last year, Yiwu machinery industry Association organized the exhibitors achieved good results this year will also organize corporate debut hardware, the booth application is expected to reach more than 60.

　　Not long ago, the Organizing Committee staff also traveled to Shanghai 21st China International Hardware Fair, targeted at the show site visits to businesses, the hardware will breeze investment promotion. “Shanghai Hardware Expo show large-scale, highly professional force of impact in the industry, we hope with the help of its popularity to promote themselves.” The official said of the Organizing Committee, Shanghai Hardware Expo site, many companies are on the hardware will be full of interest, there are dozens of companies on the spot to apply for a booth.