Specifics of China's pilot financial service reform were released as the first bond issuance by a loan company in Wenzhou, Zhejiang province, proved successful.
Private funding is no longer the only way small companies can raise capital in Wenzhou as the city moves toward financial reform that will inject more money into the system to help small and medium-sized enterprises.
Though Wenzhou is on the frontline of financial reform, its financial situation appears 'to show little sign' of recovery.
Chinese cities have moved to boost local land markets, as a persistent economic downturn has undermined the fiscal incomes of local governments.
The majority of property investors from Wenzhou, Zhejiang province, are holding on to their assets as they wait for prices to recover from the impact of the central government's tightened property policy introduced in 2010.
A financial plaza in Wenzhou, Zhejiang province, was launched on Wednesday as part of greater citywide reforms that started in March after hundreds of businessmen fled the city from overwhelming debt.
Municipal government officials in Wenzhou, Zhejiang province, have developed new plans which could establish the city as the private medical capital of China.
Exactly one year has passed, the 3-year-old last survivor of the deadly Wenzhou train accident is able to walk again and is taking the next steps in life.
A pilot financial reform aimed at helping small and medium-sized enterprises in Wenzhou get funding has been widely welcomed since its launch.
Non-performing loans surged in the city of Wenzhou, Zhejiang province, after it was named a pilot zone in March to test a series of financial reforms.
The number of private lending disputes involving large amounts of money in Zhejiang province has reached the peak in the last five years.
Small and medium-sized enterprises in Wenzhou are finding bank loans increasingly hard to obtain as the city's banks face a rising non-performing loan ratio.
Hoping to help cash-strapped small and medium-sized enterprises in Wenzhou, Yang has applied for regulators' permission to launch a private bank.
Lin Chunping, a Wenzhou entrepreneur who fabricated a story about purchasing a US bank, is being sought by police on suspicion of illegally issuing value-added tax invoices.
Loan exchange that can help brokers fast-track government procedures and provide them with legal and notary services may forge a profitable path.
The central government may officially issue detailed plans for Wenzhou's financial reforms as early as this month, a Wenzhou official has said.
An ex-tycoon, convicted of illegal fundraising, had her death sentence commuted.
The central government may officially issue detailed plans for Wenzhou's financial reforms as early as this month.
Small businesses in Wenzhou can now be established with zero registered capital, and they can borrow using their equity as collateral.
Private lending rates in Wenzhou has fallen by three percentage points to around 22 percent from a year earlier, according to a newly-introduced interest rate monitoring mechanism.
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