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Nanjing's municipal government will.....>

CHINA PRESS
MNI (London)
CHINA PRESS: Nanjing's municipal government will set up a CNY10 billion bailout
funds alongside CNY1 billion of refinancing funds to help ease financing
difficulties for private-sector firms, Xinhua news agency reported Tuesday.
- Beijing's municipal government will also establish a total CNY2.05 billion
fund to support 20 private enterprises in the Daxing district that have
'potential', but facing financing difficulties, Beijing Daily said on Tuesday.
The total includes a CNY300 million sub-fund for "Internet+" sectors, CNY5
million for cultural and creative industries, and CNY1.25 billion for the the
biomedical industry.
(Link to the story: https://bit.ly/2DMKbIE, https://bit.ly/2TMisgJ)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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