Two foreign ratings agencies - Fitch Ratings and S&P Global Ratings - have announced that they plan to launch their own companies in the mainland, amid China's further opening-up in its financial sector as they target the huge potential of the world's third-largest bond market.
Man Group Plc, one of the world's largest active investment management firms, is stepping up the pace of issuing new funds in China benefiting from the further opening-up of the nation's financial industry, according to its CEO.
Several foreign insurance brokers are looking to expand their presence in China to cash in on opportunities arising from the gradual opening up of the country's insurance sector and the ambitious Belt and Road Initiative, sources said.
Chinese stocks tumbled sharply on Wednesday to the lowest level since October 2016 amid renewed fears of an escalation in Sino-US trade tensions.
Shanghai unicorn company Deep Blue Technology will roll out two artificial intelligence towns featuring driverless vehicles in East China's Shanghai and Jiangsu province in the next three months, which will be the first of their kind in China.
Chinese tourists traveling overseas are having more accidents, but the severity is declining, according to an industry survey.
Chinese tech companies listed overseas will soon issue Chinese Depository Receipts on the Shanghai and Shenzhen stock exchanges, China Securities Regulatory Commission Vice-Chairman Fang Xinghai said on Tuesday.
Global index provider MSCI Inc said on Tuesday it will make "bigger jumps" in expanding the presence of China's A shares in its benchmark indices after accessing investor feedback on their initial inclusion on Friday.
The central government convened a meeting involving a number of commercial banks last week to discuss recent liquidity pressure, collecting remarks on further possible moves including the likelihood of lowering the reserve requirement ratio amid market expectations of a further RRR cut, according to sources.
The proposed national regulation on the operation of financial holding groups is expected to reduce cross-sector risk contagion and help trim the excess flab of highly-leveraged financial giants, according to local media reports.
Leading Chinese video surveillance product makers, including Hangzhou Hikvision Digital Technology, have criticized a vote by the US Congress that seeks to prohibit the US government from buying Chinese products due to national security concerns.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
