FINWIRES · TerminalLIVE
FINWIRES

China Launches Measures to Improve Service Sector

By

-- China introduced a set of measures that aims to boost the quality and efficiency of the service sector, the State Council said in a Tuesday press release.

The measures will address weaknesses within the sector to ensure quality services in the elderly care and childcare services, as well as healthcare and culture, tourism and sports.

The policy will also include the coordination of the establishment of major open cooperation platforms, such as the service trade's demonstration zones for innovative development.

The service sector's total scale is expected to be worth 100 trillion yuan by 2030.

Related Articles

Asia

Veson's Controlling Shareholder Boosts Stake; Shares Jump 23%

Veson (HKG:1399) said its controlling shareholder, Fang Jin, increased his stake in the company, according to a Tuesday Hong Kong bourse filing.Shares of the firm were up nearly 23% in Wednesday afternoon trade.Fang, through a wholly owned private company Right Grand Holdings, purchased 34.7 million shares on April 24 via on- and off-market transactions, representing about 3.18% of the issued share capital.Following the purchase, Fang's interest rose to 587 million shares, or about 53.85%, from about 50.67% previously, the filing showed.

$HKG:1399
Asia

Crisil Affirms A Rating on Interarch Building Solutions' Bank Facilities; Outlook Stable

Crisil affirmed A long-term and A1 short-term rating on Interarch Building Solutions' (NSE:INTERARCH, BOM:544232) bank loan facilities, according to an Indian bourse filing on Wednesday.The rating outlook is stable, the filing said.

$BOM:544232$NSE:INTERARCH
Asia

Shreeji Shipping Global to Acquire Two Mini Bulk Carrier Vessels for INR557 Million

Shreeji Shipping Global (NSE:SHREEJISPG, BOM:544490) has agreed to acquire two mini bulk carrier vessels from Gautam Freight for 556.6 million Indian rupees, according to a filing to the Indian stock exchanges.The company will acquire the vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, as part of its fleet expansion, amounting to 8,810.80 deadweight tonnage.The vessels are scheduled to be delivered by May 1.The acquisition is expected to help boost the company's fleet utilization, optimize operating economics, and contribute positively to the company's revenue and profitability.

$BOM:544490$NSE:SHREEJISPG