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TTGG Is Awarded with "2016 Outstanding Reform Innovation Units of Financial Institutions"

Date: 2017-03-30
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On the afternoon of March 29, 2017, The People's Government of Zhejiang Province held the videophone conference of the whole province's financial work. President HE Xiangdong was invited to participate in the conference. TTGG was awarded with "2016 Outstanding Reform Innovation Units of Financial Institutions" by The People's Government of Zhejiang Province for the prominent contribution to Zhejiang economic and social development as well as financial reform innovation.


In the conference, the whole province's financial work of 2016 was reviewed, and the whole province's financial reform and highlights of 2017 were deployed. Vice Governor ZHU Congjiu pointed out that serving real economy was a fundamental requirement and crucial for finance. And the government should grasp deleverage, the nose of an ox, and slowly drive the debt ratio of enterprises down to a reasonable level while controlling the total leverage ratio.


As Qiantang River Financial Harbor Planning was launched, Vice Governor ZHU said we should accelerate the advent of the planning of Qiantang River Financial Harbor, formulate the assignments, project library and schedule, and introduce a batch of major projects in the main planning area. In the same time, we should continue to foster new financial trends including wealth management, private equity, and Internet finance, and gradually build the competitive financial industry chain and ecosphere.


Currently, with 8 industries as its core, Zhejiang encourages backbone enterprises and high-tech enterprises to be more standardized, facilitates the reform of non-tradable shares and listing of enterprises, and gets access to overseas capital markets. Vice Governor ZHU added we should seize the present opportunity, enable advanced technology enterprises, famous brands, and "specialized, elite, distinctive and innovative" enterprises to carry out overseas M&A, and push forward the new layout of international value chain of Zhejiang entrepreneurs.

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