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Easier foreign investment access will accelerate stock market internationalization

China released a plan Thursday to lower the threshold for foreign investment in listed Chinese companies, a move that an expert said is set to advance the internationalization of the domestic capital market as the country's pursuit of high-quality growth welcomes more global participants.
Source: Global Times | 2020/6/18 18:28:40

BRI economies absorbing more direct investment from China

Countries and regions along the Belt and Road Initiative (BRI) absorbed rising Chinese overseas direct investment (ODI) during the first five months of the year, data from China's Ministry of Commerce (MOFCOM) showed on Thursday.
Source: Global Times | 2020/6/18 17:58:41

Beijing, Shanghai, Shenzhen, and Guangzhou China's best business environments

China's first-tier cities – Beijing, Shanghai, Shenzhen and Guangzhou – topped the rankings in regard to their respective business environments, following a comprehensive evaluation completed by China Media Group on Thursday.
Source: Global Times | 2020/6/18 17:18:41

China to bolster energy security despite COVID-19 pandemic: NDRC

China is implementing a series of guidelines in the energy sector to guarantee energy security and promote energy transition, according to an annual energy work schedule released on Thursday by the National Development and Reform Commission, China's top economic planner.
Source: Global Times | 2020/6/18 17:04:08

Financial opening-up and economic recovery from pandemic in focus at Lujiazui Forum

Conditions and atmosphere need to be created, adding to efforts to eliminate interference, for the phase one trade deal between China and the US to be jointly implemented, Chinese Vice Premier Liu He said in a written address sent on Thursday to an influential annual financial forum where financial deregulation and economic recovery from the COVID-19 pandemic were in focus.
Source: Global Times | 2020/6/18 13:38:37

China plans to ease foreign investment access for listed Chinese firms to advance market internationalization: expert

China on Thursday released a plan to lower the threshold for foreign investment in Chinese listed companies, a move an expert said is set to advance the internationalization of the domestic capital market as the country's pursuit of high-quality growth welcomes more global participants.
Source: Global Times | 2020/6/18 11:04:57

China's nuclear power capacity to jump by 60% to 100 million kW by 2025

China's nuclear power generating capacity will jump by 60 percent to 100 million kW by 2025 from the 2019 level, the nation's top nuclear industry body said.
Source: Global Times | 2020/6/18 0:49:46

Chinese companies pioneer Africa's economic reboot

From donating personal prevention equipment to training locals in pandemic prevention knowledge, Chinese companies have been helping African countries combat COVID-19 spread while assisting them to revive economies, representatives from the companies told the Global Times.
Source: Global Times | 2020/6/17 21:58:40

High technology plays key role as Beijing combats new COVID-19 outbreak

As Beijing has raised the COVID-19 emergency response level to II from III, high technology including big data, artificial intelligence and cloud computing is in play to help screen for the virus and prevent further spread.
Source: Global Times | 2020/6/17 21:51:50

China, India should pursue business cooperation instead of conflict: experts

Border clashes between China and India in the Galwan Valley on Monday cast a shadow of uncertainty over the two regional economic powers, with Chinese investors showing concerns about doing business in India.
Source: Global Times | 2020/6/17 20:33:40

Flight of US-traded Chinese companies seems to accelerate

Chinese e-commerce giant JD.com will debut at the Hong Kong stock market on Thursday. Shares of the No 2 e-commerce platform in China were over-subscribed by investors. Coronavirus-fuelled online purchases are expected to converge with strong investor interest in the NASDAQ-traded firm's secondary listing, which exemplifies a growing trend of home-coming among Chinese listed companies amid US regulatory toughening measures.
Source: Global Times | 2020/6/17 19:10:38

Beijing residents rush to take COVID-19 tests, as city tries to stifle new outbreak

As demand for nucleic acid tests surges in Beijing amid the latest COVID-19 outbreak, pressure is mounting on local medical care providers. Experts say residents not in high-risk communities should opt for tests at private third-party facilities to prevent cross infections and avert straining the city's public health care system.
Source: Global Times | 2020/6/17 18:08:40

Huawei 5G technical leader elected fellow at Canadian Academy of Engineering

Zhu Peiying, senior vice president of Huawei Technologies Canada, has been elected a fellow of the Canadian Academy of Engineering (CAE), a national institute in Canada, according to a news release on the CAE's website on Tuesday.
Source: Global Times | 2020/6/17 16:50:14

China CDC remobilizes P3 lab to facilitate COVID-19 nucleic acid testing in Beijing

The Chinese Center for Disease Control and Prevention (China CDC) on Wednesday remobilized its mobile P3 lab to facilitate COVID-19 nucleic acid testing in Beijing amid a renewed outbreak, according to China's state broadcaster.
Source: Global Times | 2020/6/17 15:58:40

Hong Kong's unemployment rate hits record high in over 15 years

Hong Kong's unemployment rate increased to 5.9 percent in the period from March to May 2020, surpassing the peak in the aftermath of the 2008 global financial crisis and hitting a record high in more than 15 years, the Hong Kong Special Administrative Region (HKSAR) government said on Tuesday.
Source: Xinhua | 2020/6/17 13:56:33

Major foreign holders trim exposure to US treasury securities

The top three foreign holders of US treasury securities, Japan, China and the UK, all reduced their holdings in April against the backdrop of restricted US dollar liquidity and loose monetary policy in the pandemic-fueled turmoil.
Source: Global Times | 2020/6/17 10:45:24

Chinese group buying platform Meituan sees soaring demand

The stock price of Meituan-Dianping (Meituan), a Chinese group buying platform, soared to HK$172 ($22) per share on Tuesday, with its total market capitalization exceeding HK$1 trillion. Analysts said the reason for its dramatic increase is the trend for digitalization of service and catering businesses and the rise in takeaway orders amid the coronavirus outbreak.
Source: Global Times | 2020/6/17 1:08:40

Australia should listen to its own enterprises: expert

It is unlikely to affect China-Australia trade if the Australian government freezes financial support for China Matters, an Australia-based think tank that believes China is important for Australia's future, but the Australian government should listen to different voices from different sectors, Chinese experts said Tuesday.
Source: Global Times | 2020/6/16 23:24:59