The PR describes one of the intended income streams as "captive banking -- leasing in house services for its high technology manufactured items".
One definition on the net defines captive banking as a "Wholly or partially owned subsidiary (located commonly in a tax haven) that plays its role as a bank only for the benefit of one legal entity (usually a firm) and its customers and suppliers".
This indicates no funding from the Chinese government has been arranged.
If George sets up his own captive banking system without outside or private funding, it and the production side of his company will grow in baby steps with cash input only from order deposits, "patent sharing", consulting fees and license fees. And, if dreams come true, product deliveries.
The question to ask now is what comes after the "review process"? Another PR? Where's the beef?
One definition on the net defines captive banking as a "Wholly or partially owned subsidiary (located commonly in a tax haven) that plays its role as a bank only for the benefit of one legal entity (usually a firm) and its customers and suppliers".
This indicates no funding from the Chinese government has been arranged.
If George sets up his own captive banking system without outside or private funding, it and the production side of his company will grow in baby steps with cash input only from order deposits, "patent sharing", consulting fees and license fees. And, if dreams come true, product deliveries.
The question to ask now is what comes after the "review process"? Another PR? Where's the beef?
