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China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.
China will improve networks for distance education and telemedicine, and expand the capacity of mobile telecommunications base stations, he said.
China will launch its first rocket for commercial missions, the Jielong (Smart Dragon) 1, in the first half of the year, according to the China Aerospace Science and Technology Corporation, cnr.cn reported.
China's banking and insurance regulator also instructed banks to allow enterprises to use their accounts receivable, orders, warehouse receipts and inventories as collateral to secure funds through supply chain financing, which refers to systematic financing arrangements for the benefit of all members of a supply chain.
China's business finance climate has improved, backed by encouraging policies from both central and local governments according to a Cheung Kong Graduate School of Business professor.
来源：资阳报