Hangzhou guide the proposed venture capital fund outsourcing services
Hangzhou Municipal Foreign Trade and Economic Cooperation Bureau Li held here recently to attend the second international service outsourcing business development meeting space in an interview with this newspaper disclosed that in order to support Hangzhou service outsourcing industry, Hangzhou Government has to consider the establishment of special services outsourcing industry guide Venture Capital Fund.
Li said that in 2008, Hangzhou set up Venture Capital Fund plans to invest the amount of lead is 10 billion, leading venture capital enterprises in the software, service outsourcing and other high-tech industries, and new energy industries, as well as investment in other industries. At present, the guidance of the Fund has invested approximately 20% is invested in the outsourcing industry. In addition to the guidance of the Fund has continued to guide the venture capital investment in the field of service outsourcing, the Government has made it clear that service outsourcing industry will guide the creation of specialized funds.
Earlier this year, Hangzhou, Wuhan, Dalian and other cities 20 to determine approval of the State Council of China’s service outsourcing model city. According to Hangzhou Mayor Cai Qi at the annual session last year, Hangzhou implementation of offshore outsourcing services reached 203 million U.S. dollars, an increase of 80.45%, January to April this year, growth of 90.42%, financial services accounted for more than half of outsourcing. Hangzhou, the goal is to become an internationally renowned financial services outsourcing delivery centers, a leading provider of software outsourcing domestic R & D centers, small and medium-sized center hosted application management.
Futures trading volume in May year-on-year increase 60%
China Futures Industry Association data released on the 30th showed that the national futures market in May a total of 138 million futures contracts traded hands, the volume of transactions for the 9.37 trillion yuan, an increase of 60%, respectively, and 85%, the Central than 20% and decreased 13%. Among them, the listing of only three trading days of the new varieties of polyvinyl chloride activity, a total of 276,000 contracts traded hands, the amount of 8.98 billion yuan transactions.
5 months of this year, the National Futures Market cumulative 676 million futures contracts traded hands, the amount of 38.3 trillion yuan turnover, year-on-year growth of 38% and 30% respectively.
At the Stock Exchange, the Shanghai Futures Exchange trading volume in May was 51.18 million in hand, turnover of 5.24 trillion yuan, up 232 percent growth, respectively, and 155%, Central, dropped more than 21% and 15%. At the end of a total of 1.65 million positions in hand, fell 3.9 percent at the end of the previous month.
The same long-term trend of RMB appreciation
Domestic Dragon Boat Festival last trading day before May 27, the RMB exchange rate against the dollar at 6.8324, representing a 39 basis point decline in the previous session. This is the rate of RMB against the dollar in five trading days in a row after rising for the second consecutive trading days “dramatic” decline. The devaluation of the Renminbi in the market again at the time of speculation, the experts said, this is only short-term RMB exchange rate callback, long-term appreciation trend of the RMB will not change.
May 25-29 this week, the U.S. dollar exchange rate remained low. Chinese Academy of Social Sciences Institute of World Economics and Politics, deputy director of the international financial Ming said that once the depreciation of the dollar and lead to higher commodity prices, China will be in a dilemma.
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