GRG Banking named by China gov't as a 'Key Software Enterprise'

GRG Banking named by China gov't as a 'Key Software Enterprise'
Tags: Asia, Australia & Pacific, GRG Banking Equipment Co., Ltd, Manufacturers, Regulatory Issues
January 20, 2009

GUANGZHOU, China — GRG Banking Equipment Co. Ltd. has been identified by the Chinese government as a "Key Software Enterprise" of 2008, according to a news release.

The distinction was given to 186 companies. They were selected from 15,000 China-based software companies that were in operation at the beginning of the year. As a result of the classification, GRG's income taxes will be lowered 10 percent.

The company has teams in three research and development centers in China.