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Category: Governmental News
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Published: Monday, 29 October 2012 08:56
It was learned from the Government of Haishu on October 23 that government-invested projects with a total budget of 30 million Yuan or more were to be brought into the scope of audit, the first case carried out in Zhejiang Province.
According to a newly issued regulation, three kinds of government-invested projects should be brought into the scope of audit, including the ones with a total budget of 30 million Yuan or more, the ones has already been included in the annual audit plan or temporary increased projects proved by superior government. The audit covers the area of the level and qualification of the design unit, design plan, drawing, alteration and charge.
A special audit team was set up by the Audit Bureau of Haishu to ensure a more professional and scientific audit work. The team invited several design experts excelling in areas of construction, structure, electricity and water supply and landscape. In the first half of this year, the audit team audited 4 pilot projects and saved governmental investment for 12.87 million Yuan. Next, it will audit 3 projects with a total investment of 4.8 billion Yuan.
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Category: Ningbo News
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Published: Monday, 29 October 2012 08:55
Tianyi Square, opened a decade ago, has became a large-scale urban commercial center of Ningbo with an average daily traffic of over 200, 000 passengers and an annual turnover of nearly 10 billion Yuan.
In the past decade, Ningbo made every effort to turn itself the business center south of the Yangtze River Delta. As a result, its consumption market became more and more prosperous and commercial circulation developed rapidly. In 2011, Ningbo's total retail sales reached 201.89 billion Yuan, the added value of commercial circulation industry was over 50 billion Yuan, an increase of 340% and 150% respectively over a decade ago.
In the past decade, a group of large-scale commercial plazas which contributed much to the development of surrounding areas were built, while 42 characteristic streets focused on cultural, commercial and leisure functions were established to expand Ningbo's consumption market.
Read more: Modern Commercial Circulation...
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Category: Ningbo News
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Published: Monday, 29 October 2012 08:54
A ceremony was held in Ningbo on October 23 to celebrate the 16th Zhejiang Sanitation Worker’s Day. Wang Huizhong, Liu Qi and Wang Renzhou made special instructions and sending their warm greetings to all sanitation workers in Ningbo.
The theme of the 2012 Ningbo Sanitation Worker’s Day is “Clean City, Beautiful Home”. On the same day, an occupational skill competition for sanitation workers was held in Fubang Stadium in Jiangdong. In the celebration ceremony, advanced individual workers and units were honored for their contributions. Representatives of sanitation workers also launched a proposal to call for joint efforts to protect the appearance of the city.
Wang Huizhong said that the appearance was the most basic and important symbol of urban civilization, and all Ningbo’s sanitation workers were outstanding beauticians of this emerging port city. They were the heroes of city in creating National Civilization City and Model City of environment protection.
Liu Qi said that the appearance was the window and image of a city. He thanked all the sanitation workers for their contributions to Ningbo and hoped them would make further efforts and more achievements.Wang Renzhou said that all the sanitation workers were doing the extraordinary work on their ordinary posts. He wished them a happy holiday.
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Category: Ningbo Business
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Published: Monday, 29 October 2012 08:54
Ningbo Development and Investment Group successfully issued its first sum of non-public targeted bond in the inter-bank market recently. It is learned that it is the first time in Ningbo to issue that kind of bond.
Ningbo Branch of Industrial Bank is the main underwriter for this sum of bond, whose bond period is only one year with an interest rate of 5.5 percent. The raised funds will be used in replacing corporate bank loans and in making up the liquidity gap.
Non-public targeted bond in the inter-bank market, also called private placement bond, is circulated and transferred among special agents and investors. Compared to public offering bond, the issuing of private placement bond is more flexible and more convenient. It also undergoes simplified information disclosure requirements and is limitedly circulated, which can meet the specific demands of investors. It can also help widen financing channels and lower financing cost, thus to improve financing structure by raising the ratio of direct finance.