China is accelerating the transfer of government holdings in State-owned enterprises to the social security fund, as part of its efforts to augment capital resources and bolster the country's pension system.
China's mom-and-pop shops and street stands are adopting mobile payment at a pace comparable to their bulkier counterparts, according to a latest report released by popular mobile wallet WeChat Pay.
Hong Kong Exchanges and Clearing Ltd, the operator of the Hong Kong stock exchange, said on Tuesday that it will not proceed with its 29.6 billion pounds ($36.1 billion) bid for the London Stock Exchange (LSE), as it has been unable to convince the LSE management about its vision of creating "a world-leading market infrastructure group".
A strategic collaborative agreement was reached between China Baowu Steel Group and the Shanghai Futures Exchange on Tuesday to make spot transactions and futures trading of metal accessible at both of their trading platforms, senior executives of the two companies said.
Chinese foreign exchange reserves, the world's largest, remained above the $3 trillion mark by the end of the third quarter, indicating generally balanced capital inflows and outflows amid trade tensions, analysts said.
High-end manufacturing must be integrated into the development of city clusters, regional linkages and digital innovation, as well as the Belt and Road Initiative for China to achieve breakthroughs in fields that it has been lagging, a leading economist said.
China has made a significant breakthrough by achieving self-reliance in core information technologies like databases, after similar breakthroughs in 5G telecom networks and superfast artificial intelligence chips.
Plant-based meat manufacturers from China are looking to tap more mass market consumers as demand for such products continues to surge across the world.
State Power Investment Corp, the world's largest investor in solar power generating plants, has been stepping up efforts in clean energy transformation and is now taking a lead in the sector.
The story of local students' campus life in 'Birth to the Sun' takes center stage in Neiqiu
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Raymond Zhou
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