PANASONIC SHANGHAI FINANCE FIRM COMES INTO BUSINESS

AsiaInfo Services, April, 2007

AsiaInfo Services 04-09-2007 Panasonic Shanghai Finance Firm Comes into Business SHANGHAI, Apr 09, 2007 (SinoCast via COMTEX) -- The financial firm of Panasonic Corporation of China has come into operation with CNY 100 million registered capital in Shanghai recently. It is the second foreign financial company that China Banking Regulatory Commission, the industry authority, permitted to be found in the country. Apart from strengthening utilization of the capital of its China business, the finance firm is built up to consolidate management of the capital of its branches across the nation.

Moreover, rollout of accounting business will also boost Panasonic Corporation of China to maintain a stable growth there. With approval of related authorities, the firm...

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