Latest News:  


Gov't to help New Zealand firms find overseas capital in export drive


18:27, July 04, 2013

WELLINGTON, July 4 (Xinhua) -- The New Zealand government Thursday launched a new scheme to help businesses raise capital from home and abroad to boost exports.

The Better by Capital scheme aimed to help businesses meet the government's target of raising exports to 40 percent of GDP by 2025, but this was estimated to require an increase in total investment in export industries of 70 percent to 90 percent, said Economic Development Minister Steven Joyce.

"To reinvigorate our capital markets and build a stronger and more productive economy, we need to attract significant overseas investment in this country. Well-functioning capital markets are essential for our businesses to grow and create jobs that support New Zealand families," Joyce said in a statement.

Research for the government's New Zealand Trade and Enterprise (NZTE) agency found some potentially high-growth firms had difficulty accessing capital because of a lack of capital or lack of knowledge, but Better by Capital would enable the NZTE to develop a tailored capital plan for businesses, he said.

"If we want more jobs and higher incomes then the New Zealand economy needs a lot more investment, including from overseas investors," Joyce said.

We Recommend:

U.S. presidents and their pets

Highlights of 50th Int'l Paris Air Show

Best photos of week (June 17 - June 23)

Venezuelan Army School boat visits Cuba

Afghan refugees at UNHCR registration center

Beauty contest held in Budapest, Hungary

Angelina Jolie visits refugee camp

'Super moon' hangs in the sky over Rotterdam

LA' Chinatown sets up statue of Bruce Lee


Leave your comment0 comments

  1. Name


Selections for you

  1. China's main warships to take part in drills

  2. Chinese fleet conducts formation exercise

  3. Egypt army topples president

  4. Zoo animals searches coolness in summer

  5. Man swims in flood to deliver food for wife

  6. Audition for dating with rich

  7. Beauties under summer sun on Beijing

  8. Yuan Shanshan in black and white photos

  9. New head to steer COSCO

  10. Diagnose crisis of China's solar sector

Most Popular


  1. CIC needs to recruit global talent: analysts
  2. China to strengthen ties with Uganda
  3. Hot weather brings wave of health problems
  4. Wealthy individuals 'see education as asset'
  5. Unite to prevent violence against women
  6. Dogs are the responsibility of their owners
  7. Pakistani PM's China trip to boost economic co-op
  8. Chinese company looks to take a bite out of Apple
  9. PwC: HK IPOs expected to boom this year
  10. Abe's 'values diplomacy' goes against the grain

What’s happening in China

Man swims in flood to deliver food for pregnant wife

  1. Sex video official appeals in Chongqing
  2. Ministry: KMT veterans will be cared for
  3. Air China to test in-flight Wi-Fi
  4. China boosts handling of nuke emergencies
  5. 32 endangered birds released into the wild