China's coalbed methane industry has lagged behind developed countries in the past decade in terms of exploration and development, but industry insiders said the country's surging gas demand and ongoing industry reform will accelerate the sector's commercial development in the coming years.
Global coalbed methane company Greka Group said it is optimistic about its business prospects in China.
The outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area will inject new impetus into tech companies in the region, play an important role in driving scientific and technological innovation, and deliver significant benefits to some emerging industries, innovative businesses and experts said.
Financial ties among Guangdong, Hong Kong and Macao will be further strengthened through promoting cross-area trading connections and financial innovation, said analysts, after the central authorities issued a comprehensive development plan for the Greater Bay Area.
AlipayHK is poised to ride on the wave of the newly released outline for the Guangdong-Hong Kong-Macao Greater Bay Area megaproject, amid hopes of a broader scope for its mobile payment service within the would-be super powerhouse in the Pearl River Delta.
Hong Kong entrepreneur Allan Zeman has given his endorsement to the newly released outline for the development of Guangdong-Hong Kong-Macao Greater Bay Area, stating that it is the future for Hong Kong.
As China is likely to create a giant oil and gas pipeline company this year as part of the nation's effort to reform the State-owned petroleum industry, insiders believe the move will shake up the petroleum sector and break the monopoly in the oil and gas sector.
Investors in the tech sector believe that a fundamental change in their business is coming in the next five years as an array of new technologies become commercially viable simultaneously. And, they argue that the Chinese tech market ecosystem is in a unique position to build products, companies and business models using these new technologies.
China's A-share market is likely to remain bullish this week, while stock performances may diverge, analysts said.
China' largest low-cost carrier Spring Airlines announced on Monday it will adopt Airbus' aviation data platform Skywise Core, becoming the first airline in the Chinese mainland to get connected to the system that aims to help airlines improve operational performance and support their digital transformation.
Domestic iron ore miners are unlikely to ramp up production to fill the supply gap after the bursting of Vale's dam last month in Brazil, due to strict environmental regulations and high production costs, said industry insiders.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
