Strengthening security of strategic importance

Editor's Note: Three People's Liberation Army officers delivered speeches on Friday and Saturday at the 17th International Institute for Strategic Studies Shangri-La Dialogue in Singapore. Excerpts follow:

Cooperation key to regional security

How can we guarantee security in the Asia-Pacific?

Indian Ocean big enough for China, India

In recent years, Sino-Indian military relations have advanced in tandem with the advance of state-to-state relations. And high-level visits, defense and security consultations, border cooperation, joint drills and personnel training have taken place. Ever since 2007, the ministries of defense of the two countries have held eight rounds of defense and security talks. The two countries' militaries have conducted six joint drills on counter-terrorism named "Hand-in-Hand".

Joint efforts help maintain peace in Indian Ocean

The Indian Ocean has become increasingly important to China with its rise. The strategic interests of China in the Indian Ocean can be found in the following areas.

Prevention of risks to underpin regulations

The People's Bank of China, the central bank, will focus on steps to forestall and defuse risks as part of its ongoing efforts to forge a healthy payment services market in the country amid rising concerns over potential oligopoly and data security.

Stock declines cloud MSCI debut

The much-touted inclusion of China's A shares on the MSCI Emerging Markets Index started on a dismal note on Friday, with more than 200 of the newly included companies witnessing price declines on their trading debut.

Life insurance drags on premium income

Chinese insurance companies saw their premium income drop in the first four months of 2018 year-on-year, dragged down by the decline of the life insurance business due to stricter regulations, official data showed on Friday.

Steps discussed to cut borrowing costs for small companies

The nation's top economic regulator has held a closed-door meeting with major banks to finalize a draft guideline aiming to lower small companies' borrowing costs, according to people familiar with the matter.

Social commerce app Red raises $300 million

Chinese social commerce app Xiaohongshu, or "Little Red Book", said on Friday it had secured $300 million from a cohort of investors led by Alibaba Group Holding Ltd, as word-of-mouth and cross-border shopping continue to influence China's retail landscape.

IN BRIEF (Page 6)

Banks change tack to cut losses

Bank of Communications Co Ltd became the nation's first large State-owned commercial bank to establish a wholly owned asset management subsidiary to strengthen risk control and improve its asset management capability.

Policies to boost free trade port zone

The aircraft and heavy industry leasing sector in Dongjiang Free Trade Port Zone in Tianjin is expected to see total assets top 1 trillion yuan ($156 billion) in 2019, the zone's administrator said.