According to a company spokesperson, Changhong, a large electronics provider in China, will issue a one-year securities loan valued at RMB 1 billion (almost 13 million USD).

Reportedly, the securities loan is intended to invite public bidding. The main undertaker for the securities loan is the Bank of China (BOC) and the Shanghai Oriental Credit Evaluation., Ltd.Co. United Credit., Ltd.Co has assessed the security level at of the loan at A. The securities loan will be available for public bidding in the market on 20th, May,2007.

Incorporated in 1958, Changhong has grown into an industry leader in electronics manufacturing.  Involved in several industries, including digital TVs, air conditioners, refrigerators, IT, communications, digital products, network products, electrical power sources, commercial electronics and petty appliances, Changhong's net profits in 2006 reached RMB 1.25 billion (almost 17 million USD), up 29.4 % over last year. In addition to this, Changhong is honorably enrolled in the World's 500 Most Influential Brands, with brand valued at RMB 39.861 billion (5.14621 billion USD). With the utilization of an independent innovation system, Changhong has established many joint laboratories with the top enterprises in the world.