Hainan To Build Tourism Investment And Financing Platforms

According to the Hainan International Tourism Island Construction and Development Plan recently approved by the National Development and Reform Commission, Hainan will set up six investment and financing platforms based on the different sources and uses of capital.

Home Inns And Ctrip Agree USD50 Million Funding

Home Inns & Hotels Management Inc. has entered into a definitive purchase agreement to issue USD50 million in equity, or 7,514,503 ordinary shares, to Ctrip.com International Ltd. through a private placement.