China is in a strong position to export its internet financial services and standards to economies along the Belt and Road Initiative, as the country maintains an "obvious" edge in the booming sector, a key report said on Thursday.
Financial technology - or fintech - could contribute to the real economy by bridging the financing gap for "under-banked" individuals and small and medium-sized enterprises lacking a credit history, industry experts said on Thursday during the Boao Forum for Asia 2017.
Internet companies can't become fintech businesses in a day. The former use the internet to reshape distribution channels in financial services, while real fintech enterprises are far more technology-driven. They focus on making breakthroughs in cloud computing, big data and blockchain technology, which can offer advanced services such as predictive analysis.
Panelists attending the annual Boao Forum for Asia on Thursday called for domestic financial reforms and financial policy coordination, amid a surge of anti-globalization sentiments and protectionism.
Hainan will build a multi-model transportation system, with seamless connections and zero transfers, announced a top official of the Hainan provincial government on Thursday. The aim is to advance regional integration and further upgrade the island's infrastructure as a world-class international tourism destination, according to Lu Zhiyuan, secretary-general of the Hainan Provincial People's Government.
Asian media will make a "stronger case" for globalization, regional news leaders vowed at the Boao Forum for Asia Annual Conference on Thursday.
SUEZ, Egypt - China has become the biggest investor in Egypt's Suez Canal Area Development Project, a mega initiative showcasing a win-win partnership between the two countries, said Ahmed Darwish, chairman of the Suez Canal Economic Zone, or SCZone, in an interview with Xinhua.
BEIJING - China's structural reform has been "really going well" amid rising uncertainties worldwide, said World Bank CEO Kristalina Georgieva, a Bulgarian economist. She stressed that the world needs to think as a community of common destiny.
Bank of China Ltd's overseas corporate loan growth surpassed domestic corporate loan growth in 2016 for the first time, signaling a new stage of internationalization, according to senior executives of the bank.
A Shanghai-headquartered company, that makes most of its profits from helping "exterminate" extramarital affairs, to head off divorces in shaky marriages, is seeking a listing on the New Third Board.
BEIJING - Stocks fell on Wednesday due to worries over tightening liquidity in the domestic banking system and uncertainty over whether US President Donald Trump will be able to get his economic policies approved in a timely fashion.
Wengfu (Group) Co Ltd, one of the largest State-owned phosphorus and chemical manufacturers, pledged to spend at least 10 million yuan ($1.4 million) this year to support needy households and local industries, as part of its long-term commitment to poverty alleviation.
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