Article: CHONGQING SETS UP LARGE FOREIGN ECONOMIC & TRADE GROUP


AsiaInfo Services
09-04-2009
Chongqing Sets up Large Foreign Economic & Trade Group

CHONGQING, Sep 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chongqing Foreign Economic and Trade (Group) Co., Ltd. (transliterated) was established on September 3, 2009 with a registered capital of CNY 3 billion.

The foundation of the new company is another step taken by the local government to develop outbound economy following the construction of the Cuntan Bonded Port and the Liangjiang New District.

Nine companies set up the venture in cash, equities and physical assets, including Chongqing Yufu Assets Operation and Management Co., Ltd., Chongqing Bonded Zone Development & Management Co., ...

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