Jingwei Textile Machinery: Zhongrong trust plans to pledge 51% equity of Zhongrong fund to obtain a financing limit of no more than 1 billion yuan
Jingwei Textile Machinery announced that in order to broaden financing channels and improve the use value of assets, the company's holding subsidiary Zhongrong International Trust Co., Ltd. ("Zhongrong trust") plans to carry out liquidity support business with China trust guarantee fund Co., Ltd. ("SINOSURE fund") by pledging 51% equity of its subsidiary Zhongrong Fund Management Co., Ltd. ("Zhongrong fund"), Obtain a financing line of no more than RMB 1 billion for a period of no more than 12 months.
This text is a result of machine translation.
In-depth
Financials, Communication
Chinese Education Goes Global: Capturing a Trillion-Dollar Market
A TikTok filter challenge called "Mandarin Fruit Voices" has gone viral. Essentially a straightforward Mandarin learning game with crude animations, minimalist gameplay, and fruit-based pronunciation exercises drawn from early childhood education materials, it has nonetheless captivated international users. For those who once struggled with English, the long-held dream of a world united by Chinese now appears increasingly within reach.
Mar 27, 2025 06:55 PM
Apr 26, 2022 12:26 PM
Apr 21, 2022 07:07 PM
Jun 29, 2021 11:48 PM
May 03, 2021 09:18 AM
Consumer Staples, Financials
PingPong Among First Asian Payment Firms to Support Wero Transactions
Global payment platform PingPong recently announced it will be among the first Asian payment companies to support business use of Wero. In October this year, Wero will launch its To B payment service. After launch, businesses will be able to access this unified European digital payment service via PingPong, reaching 250 million European users.
Aug 07, 2025 04:08 PM
Financials, Consumer Staples, Technology
Microsoft, Meta, Apple and Amazon Released Earnings Reports, All Surpassing Expectations
On July 31, Microsoft and Meta respectively released their latest quarterly earnings reports, with both performances far exceeding market expectations.
Aug 01, 2025 04:54 PM
Financials
The 4th China-Africa Economic and Trade Expo Kicks Off Today in Changsha, China
Jun 12, 2025 11:51 AM
Briefing Jun 28, 2022 01:54 PM
· Financials
Suspension of large amount subscription of Jingshun great wall reform opportunity hybrid fund
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
An Initial Assessment of Market Entry Opportunities in Central Asia
Dec 17, 2025 04:30 PM
Insight
In-depth