Bengang Steel Plates receives subsidy from municipal government

Wednesday, 06 January 2016 10:06:45 (GMT+3)   |   Shanghai
       

Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), listed subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), has announced that Benxi municipal government has granted it a financial subsidy of RMB 91.4562 million ($13.98 million). The subsidy in question will be recorded in the company’s non-operating income.

Similar articles

CASS: China’s GDP to see a growth of 7.0 percent in April-June

12 Jul | Steel News

China to stimulate infrastructure investment to boost economic growth

13 Dec | Steel News

China’s central bank injects liquidity into market

18 Nov | Steel News

NIFD: China’s GDP expected to rise by 6.1 percent in 2019

15 Nov | Steel News

New RMB lending in China decreases sharply in October

12 Nov | Steel News

MOF: Local Chinese governments use up 2019 bond allocation in Jan-Sept

25 Oct | Steel News

New RMB lending in China increases in September

16 Oct | Steel News

China's steel PMI falls to 44.9 percent in August due to slack demand

02 Sep | Steel News

Hebei Province steel sector PMI decreases just slightly in August

02 Sep | Steel News

China's central bank announces interest rate reform to offer cheaper loans

19 Aug | Steel News