Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
Vietnam Mobile & Broadband International Summit 2010 @ Hanoi - 2010/03/25
China Mobile Internet Summit 2010 @ Beijing - 2010/04/07
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
TETRA World Congress @ Singapore - 2010/05/25
Global Mobile Internet Conference 2010 @ Beijing - 2010/05/27
NGMN Industry Conference 2010 @ Shanghai - 2010/06/02
Prepaid Mobile North Asia 2010 @ Shanghai - 2010/06/22
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
TCL Approved To Set Up Financial Company
September 19, 2006 |
Print
| 
Email
| 
Comments | Category: Business
The China Banking Regulatory Commission has approved TCL Group to set up a financial company of its own with a registered capital of CNY500 million.
Lv Zhongli, senior vice president of TCL, will work as president of the new company that is invested by TCL Group, The Bank of East Asia, TCL King (Hohhot) Company and TCL Mobile Communications (Hohhot) Company, with each of them holding 62%, 20%, 14% and 4% of the stake, respectively.
Wang Hongbo, secretary of TCL's Board of Directors, says the company will establish this financial company in order to improve its fund management efficiency. Wang says that the new company will be mainly engaged in providing accounting, financing, credit assessment and related consulting service as well as providing other fund and insurance related service to each of its members.
By June 30 this year, TCL's current liabilities accounted for CNY6.1 billion and bank loans for CNY4.1 billion.
Recommend this page: 
Loading ...Leave A Comment:
-
Gadgets & Electronics
- Founder To Promote Copyright Pricing Standards For E-books In China
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- NGMN Alliance Announces NGMN Industry Conference & Exhibition 2010 in Shanghai, China
- China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
- Chinese Consumers Complain About HP's Products
-
Internet
-
Law & Policy
Copyright 1999-2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 