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Article: ZHEJIANG LISTED FIRMS SWARM INTO MICROFINANCE SECTOR

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AsiaInfo Services
Article date:
September 15, 2008
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AsiaInfo Services
09-15-2008
Zhejiang Listed Firms Swarm into Microfinance Sector

HANGZHOU, Sep 15, 2008 (SinoCast via COMTEX) -- As of yesterday, eight listed companies headquartered in Zhejiang Province, southeastern China, have decided to take part in establishment of the microfinance firms, so as to broaden their investment channels and reap more profits.

Chinese vitamin B5 producer Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (SZSE: 002019) yesterday announced that it would initiate nine to 17 partners into instauration of a microfinance firm located in Lin'an, Hangzhou.

In addition, Zhejiang Furun (SHSE: 600070), Zhejiang Xinan Chemical Industrial Group (SHSE: 600596), Xinhu ...

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