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HK's future as bridge between mainland, West will get stronger

The Hong Kong Special Administrative Region's (HKSAR) future role as an international financial hub is still promising, thanks to the central government's internationalization efforts and the city's important position as a bridge between China and the West, industry analysts said on Tuesday.
Source: Global Times | 2020/1/7 20:58:40

China market news wrap-up

Chinese mainland shares climbed above yet another benchmark on Tuesday, with the Shanghai Composite Index closing up 0.69 percent, or 21.39 points, at 3,104.8 points. Both the Shenzhen Component Index and the ChiNext index continued rallying during the day.
Source: Global Times | 2020/1/7 20:53:42

Measures taken to lower China-Pakistan tariffs retroactive to January 1: FM

Measures aiming to lower bilateral tariff levels under the upgraded Free Trade Agreement (FTA) between China and Pakistan took effect on January 1 this year, Geng Shuang, spokesperson of China's Ministry of Foreign Affairs, said on Tuesday.
Source: Global Times | 2020/1/7 16:33:40

ASML expects more business with Chinese partners despite pressure from US

Dutch semiconductor equipment company ASML told the Global Times on Monday that its exports to China are likely to see a further increase, after a Reuters report said that the Trump administration is mounting an extensive campaign to block the sale of Dutch chip manufacturing technology to China.
Source: Global Times | 2020/1/6 21:28:40

Baidu seeks secondary listing in HK: report

The Hong Kong stock market tumbled temporarily in 2019 when the city was immersed in months of unrest, but experts said that the negative impact would be very small as a trend is developing with more Chinese mainland-based, overseas-listed companies seeking secondary listings on the city's market.
Source: Global Times | 2020/1/6 21:13:40

China's fight against financial corruption targets small, medium banks

China's crackdown on financial corruption, which is now eyeing a wider range to cover small and medium-sized banks, will motivate even deepen financial reform as the country is at a critical period of economic transition, experts noted.
Source: Global Times | 2020/1/6 20:53:40

China market news wrap-up for US stocks

A surge in Tesla-related stocks on the mainland market could be a silver lining to dark clouds shrouding the US market. Still, a spike in gold and oil exploration and production stocks hints at a shift toward a risk-off investment setting.
Source: Global Times | 2020/1/6 20:13:13

More Chinese firms shun CES

Chinese companies, a major force in the Consumer Electronics Show (CES) in Las Vegas in past years, are less eager to attend the global electronics exhibition this year amid the protracted China-US trade war as well as an intensifying technology race between the world's two largest economies.
Source: Global Times | 2020/1/6 19:48:40

CSRC to expand credit database to curb dishonest behavior in markets

China's securities authority is working to establish a long-term credit system for its capital markets and expanding its credit database in an effort to push market reforms and facilitate the registration-based IPO mechanism, according to a report by the Xinhua News Agency, citing officials from the China Securities Regulatory Commission (CSRC).
Source: Global Times | 2020/1/6 19:13:40

Mainland stocks unaffected by US-Iran tensions despite tumbling Asian markets

A-share stock markets in the Chinese mainland were little changed on Monday, although worries over US-Iran tensions dragged down many Asian markets.
Source: Global Times | 2020/1/6 19:03:40

Figuratively Speaking

Estimated package deliveries in China in 2019, up 24 percent year-on-year. China has topped the world list for six consecutive years, the State Post Bureau said.
Source: Global Times | 2020/1/6 18:48:41

Mainland stocks unaffected by US-Iran tensions despite tumbling Asian markets

Worries over US-Iran tensions have negatively impacted Asian markets, but the resilient A-share stock market in China was unaffected on Monday.
Source: Global Times | 2020/1/6 12:11:05

Just Tech

Luban, a remote-control vascular interventional surgery robot, assisted doctors to perform a full-brain cerebral angiography in Beijing Tiantan Hospital, Capital Medical University, the first of its kind in China, said a statement of the hospital.
Source: Global Times | 2020/1/5 22:48:40

Figuratively Speaking

670m Arrivals and departures checked by national border inspection authorities in China in 2019, up 3.8 percent year-on-year.
Source: Global Times | 2020/1/5 22:43:40

Trading with the world

China fulfilled its commitment to increase imports in 2019 amid global rising tides of protectionism. The country boosted domestic economic expansion and offered a beacon of hope for multinationals that had suffered low profit growth in other parts of the world.
Source: Xinhua-Global Times | 2020/1/5 22:38:40

Outsourced service sector expected to see accelerated upgrades and improvements

China will step up efforts promoting the transformation and upgrading of outsourced services to achieve better structure and higher quality in the service industry, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Friday.
Source: Xinhua-Global Times | 2020/1/5 22:33:40

National standard on meat substitutes being formulated for growing market potential: official

As demand for meat substitutes grows in China, the national standard for plant-based meat, or meat substitute, is being formulated, an official said.
Source: Global Times | 2020/1/5 22:23:40

Yuan's share of global exchange reserves hits record in Q3 2019: IMF

The share of global foreign reserves held in the yuan stood at 2.01 percent, equivalent to $219.6 billion, in the third quarter of 2019, the highest level in more than three years, according to a report by the IMF.
Source: Global Times | 2020/1/5 21:43:40