Multinational giants - including FedEx, KKR and WPP - are eyeing enormous new business opportunities in China as the middle income population of the world's second biggest economy surpasses 600 million, 700 million in the foreseeable future.
The online wealth management products are growing in appeal for younger retail investors, filling a gap in financial services created by the inadequacy of traditional banks and stock markets in certain respects, experts said.
NEW YORK - Janet Yellen's soothing words on the pace of US interest rate hikes were a day late for hedge funds losing faith in the metal.
When I was 5 my mother took me to a painting class at a nearby "cultural palace" - a three-storey building made up of a ground-floor movie theater and many rooms open to children during the school holidays. There I received my first art message, not in my own class, but the one next-door.
Gao Peng, a curator, says the most difficult yet moving embrace he has ever seen took place between a man and his daughter in the gallery of Today Art Museum in Beijing, where Gao has been director for the past four years.
"Held high up against the sun, the violet bead of grape melts into a purple sea". Guan Yanfei wrote the lines when she was 12, for the thick album of paintings published in memory of art, in the way she saw it, as her first love.
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.
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