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Foreign capital use; Credit system

Aggregated Source: Jiang's Information Office
April 23, 2008|

China will encourage enterprises with foreign investment to list on the Chinese mainland, according to Ministry of Commerce. China will also attach importance to saving energy and reducing emission, using land intensively and economically for better utilization of foreign funds.

More foreign banks will be linked to credit system of People’s Bank of China, the central bank of People’s Republic of China, according to Beijing Youth Daily. HSBC and Standard Chartered Bank, the leading foreign corporate banks have already joined the central bank’s system. According to the request of China Banking Regulatory Commission, all the locally registered foreign corporate banks should join up with the credit information system.

Wal-Mart Stores Inc. is still the world’s largest public corporation with revenue of $378.799 billion, according to the 2008 Fortune Global 500. The second is the Exxon Mobil Chemical, the largest worldwide petrochemical companies. Benefit a lot from the soaring oil price, petroleum companies entered the top 10.



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