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Financial reform in Wenzhou

By Corey Cooper
0 Comment(s)Print E-mail China.org.cn, September 13, 2012
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CHINT Group, founded in 1984, is one of China’s largest providers of electrical systems and electrical power generation and transmission technology, exporting products to over 100 countries and regions.

CHINT Group, founded in 1984, is one of China’s largest providers of electrical systems and electrical power generation and transmission technology, exporting products to over 100 countries and regions. Hard-hit by the lending crisis that affected a broad range of industries in Wenzhou last year, the company plans to adjust its strategy for raising capital, vice president and company Party secretary Lin Kefu said at a Sept. 12 press conference. Taking advantage of recent reforms for private lenders, Lin also said the company hopes to establish a small-loans business for rural residents.



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