Deepened reform and opening-up of nation's financial industry will attract more high-quality overseas investment
Trade tensions are taking a toll on the global economy and a lasting solution is necessary, Kristalina Georgieva, managing director of the International Monetary Fund said on Tuesday.
China ranked 28th among global economies in terms of competitiveness, and was the best performer among the five BRICS members, according to the World Economic Forum's latest annual report.
Geely Auto and Volvo Cars are planning to merge their engine operations into a stand-alone business unit, which will pool resources to create greater synergy between them and facilitate their electrification campaigns, according to parent company Zhejiang Geely Holding Group.
Foreign investors continued to pile into Chinese onshore bonds even as the renminbi remained weak against the US dollar for most of the last quarter, as higher yields and robust economic prospects helped maintain interest in the instruments, analysts said on Wednesday.
Companies and institutions have sped up their final preparations for the second China International Import Expo, which serves as a gateway for China to meet the outside world and vice versa.
Economic activity remained robust in China during September on the back of good domestic demand, with manufacturing showing resurgence, a private survey said on Tuesday.
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".
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Raymond Zhou
Op Rana
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Chen Weihua
