Friday May 25, 2018
Home > News > Economy
Text:| Print|

Harbin loans firm with focus on Sino-Russian trade

2013-03-22 09:27     Web Editor: qindexing comment

The first small-loans company in Heilongjiang province aimed at supporting Sino-Russian trade opened in Harbin, the provincial capital, on Wednesday.

Harbin Longtou Small-loan Co Ltd, with registered capital of 200 million yuan ($32 million), will mainly handle small loans, bills discounting and asset transfer.

Local authorities expect the move to ease tension over funding in small- and medium-sized enterprises running Russian-related business, and breathe new life into the province's cooperation with Russia.

Heilongjiang has 18 frontier ports on the Russian border.

Comments (0)

Copyright ©1999-2011 All rights reserved.
Reproduction in whole or in part without permission is prohibited.