The "2016 Postal Savings Bank of China Cup" Ningxia Youth Innovation, Startups and Capital Investment Competition, jointly sponsored by Ningxia Hui Autonomous Region Brokerage and Information Committee, Department of Commerce of Ningxia Hui Autonomous Region and Postal Savings Bank of China Ningxia, recently opened in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region.
Zhang Xuewen, Vice General Manager of Postal Savings Bank of China Ningxia, attended the event.
"Postal Savings Banks of China has sponsored the competition for seven consecutive years, which is an important initiative to support public entrepreneurship and innovation,"Zhang said.
"We are willing to work with young people who are interested in capital investment together and pave sunny avenues for them," he added.
The event will be launched in five cities across the region from May 18 to August 31.
Postal Savings Bank of China Ningxia offers a comprehensive platform of product demonstration, business model communication, financing support and brand promotion for entrepreneurs.
A line for confirmation of credits of up to 10 million yuan (US$ 1.5 million) and a maximum subvention of 80, 000 yuan (US$ 12,184) were established for competitors.
In addition, supporters will jointly provide policies and financial support to young entrepreneurs.
Besides, a number of outstanding entities will be elected to attend the competition.
（Women of China)