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Important news
在线翻译:
szdaily -> Business
At a Glance
    2017-September-7  08:53    Shenzhen Daily

Property investments

THE State assets regulator in Hubei Province has asked companies backed by the province and their subsidiaries to suspend new property investments from Tuesday amid a push to reduce financial risks, according to sources familiar with the matter.

The province’s State-owned assets supervision and administration commission has also asked province-backed companies to accelerate the construction or sales of current property projects and get money back as soon as possible, said the sources.

The regulators made the decision because many of the companies face high debt ratios and rising funding costs, said the sources, who didn’t name specific companies affected.

Insurance policy

THE government will encourage foreign firms to enter the local health, disaster, and pension insurance markets, the insurance regulator said yesterday.

The China Insurance Regulatory Commission said in a post on its website that it will improve market entry policies for foreign insurance firms that have not entered China.

Spending on planes

AIRLINES in China are likely to buy over 7,000 planes worth nearly US$1.1 trillion over the next 20 years as they grow their fleets to meet robust demand for domestic and international travel, Boeing Co. said yesterday.

Its latest estimate of 7,240 aircraft purchases for the period to 2036 is 6.3 percent higher than the U.S. planemaker’s previous prediction of 6,810 planes last year.

 

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