Banking News
- Kingliving gets development bank loan
Date: 22-Aug-2007 Sources: (Shenzhen Daily)
SHENZHEN Kingliving International Jewelry Trading Center last week received a loan of 65.6 million yuan (US$8.64 million) from a consortium formed by the local branch of Shenzhen Development Bank and Shenzhen Anhua Investment Co.
The loan is aimed at helping develop small and medium-sized jewelry makers and firms in Shenzhen, which encounter difficulties in obtaining bank loans. Shenzhen's 2,100 jewelry makers generate annually a total of 80 billion yuan in output value, taking up 70 percent of the national market share.
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