Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>Tibet Online

Tibet unveils two state-owned financing firms


09:44, October 18, 2012

LHASA, Oct. 17 (Xinhua) -- Two state-owned investment and financing companies were set up in Lhasa on Wednesday, offering local enterprises new financing platforms.

The two firms are Tibet Guosheng State-Owned Assets Investment Holding Limited and Tibet Energy Resources Investment Co. Ltd.

Each of them received funds of 500 million yuan (79.4 million U.S. dollars) from the State-Owned Assets Supervision and Administration Commission of the Tibet Autonomous Region Government.

Guosheng will mainly support industrial development in the region, serving as a financing platform for both state-owned enterprises and small and mid-sized companies, according to Jin Siyu, deputy head of the regional state-owned assets watchdog.

Tibet Energy Resources Investment Co. Ltd. will focus on new energy businesses in order to ease the region's power shortage, Jin said.

The two companies are expected to play a significant role in boosting local industrial and infrastructure development and, therefore, will help promote the sound and rapid economic growth of Tibet, said Ding Yexian, vice chairman of the autonomous region government, at the opening ceremony for the two companies.


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Gangnam Style' dances ease pressure

  2. Fighters conduct training

  3. Unforgettable moments you can't miss in Oct.

  4. Same-sex wedding performed in Fujian Province

  5. Snow sweeps some parts of China

  6. Europe offers solace after US ruling

  7. Asia's 1st rare Leica camera auction announced

  8. Actresses of Legend of Zhen Huan

Most Popular


  1. 2nd US debate sees candidates flex China muscle
  2. Abe's visit to shrine to dent China-Japan ties
  3. China, Japan and S. Korea must eye the best
  4. Editorial: Addressing the wealth gap
  5. 'Do the right things' for the economy
  6. Obama outperforms Romney in 2nd debate
  7. Commentary: Japan's propaganda war on Diaoyu
  8. To Put political label on Chinese investors unfair
  9. Tokyo's war crime recognition crucial
  10. China bashing: Shame on American politics

What’s happening in China

Same-sex wedding performed in Fujian Province

  1. China establishes fire-protection engineer system
  2. Self-made caricaturist draws life of migrants
  3. Beijing's first govt shelter for abuse
  4. Beijing's biggest transport hub gears up for action
  5. Cops blamed for death as crowds riot