Wenzhou unveils financial reforms
By Yu Ran in Shanghai | China Daily | Updated: 2012-11-24 07:47
Private loan companies allowed to issue bonds, lend to SMEs
Specifics of China's pilot financial service reform were released on Friday as the first bond issuance by a loan company in Wenzhou, Zhejiang province, proved successful.
The new policies focus on bond financing for legally registered small loan companies.
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