MOTOROLA APPROVED TO OPEN FINANCE COMPANY IN CHINA
AsiaInfo Services, November, 2006
AsiaInfo Services 11-23-2006 Motorola Approved to Open Finance Company in China SHANGHAI, Nov 23, 2006 (SinoCast via COMTEX) -- China's banking regulator has approved Motorola (China) Investment Ltd. to set up a wholly-owned finance company in Tianjin. China Banking Regulatory Commission said that the applicant shall complete the establishment and apply for opening within three months upon the approval. According to the local regulator of Tianjin, the upcoming finance company will have CNY 100 million in registered capital, and principally provide such financial services as deposit and credit, financing and financial consultancy to the seven subsidiaries under Motorola (China) Investment Ltd. Earlier this year, Panasonic received an approval to form a finance...
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