Li Ping, a 24-year-old insurance graduate, eventually joined a domestic life insurance company, turning down appealing offers from two joint ventures.
For Cai Qiang, chief executive officer of American International Assurance Co Ltd (China) - the first foreign insurer to venture into the country - it is time to go "back to basics" with a focus on sustainability.
Although China has been a member of the World Trade Organization (WTO) for 10 years, the expansion of foreign investment banks in the country remains slow and joint-venture securities firms are still struggling to gain clients and a larger share of the underwriting business in the Chinese market.
Foreign banks still have plenty of room for development in the Chinese market and it is unrealistic to expect them to achieve a large market share in only 10 years, said a senior executive at the China division of Citigroup Inc.
Closer ties between Chinese banks and the international market that followed China's admission to the World Trade Organization (WTO) have increased the chances of the country's banks becoming major global players, analysts said.
The sluggish capital market is one reason why China International Capital Corporation (CICC), the country's leading investment bank, does not want to rush into overseas expansion, CICC's chairman Li Jiange told China Daily.
Urbanization occurs naturally from efforts to reduce time and expense in commuting and transportation while improving opportunities for jobs, education, housing, and transportation.
SHANGHAI - US bank JPMorgan Chase & Co launched its first 35th running competition in Shanghai for the first time this month to foster a sports habit among its workers.
BEIJING - Zhou Hui, a senior college student at Tsinghua University in Beijing, won the best gift she could imagine before her graduation - a chance to be a torch bearer in the 2012 London Olympic Games.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
