PANASONIC CHINA FINANCIAL COMPANY STARTS OPERATIONS
AsiaInfo Services, April, 2007
AsiaInfo Services 04-04-2007 Panasonic China Financial Company Starts Operations BEIJING, Apr 04, 2007 (SinoCast via COMTEX) -- A financial company of Panasonic (Matsushita Electric Industrial Co., Ltd.), a leading electric product manufacturer in the world, stated operations in Shanghai on April 1. The financial company, with registered capital of CNY 100 million is headquartered in Shanghai. Panasonic, which was allowed to form the financial company by the China Banking Regulatory Commission in July 2006, set up the company in the nation in order to cut its financial cost and drive down exchange risk. China implemented new regulations on financial companies in 2004.
Panasonic Corporation of China became one of the first wave of foreign-fund investment...
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