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From:ChinaDaily | 2021-04-09 07:52
Conglomerate to focus on engineering, tech, finance to broaden its prospects
China Poly Group Corp Ltd, or Poly Group, the Beijing-headquartered, centrally administered State-owned enterprise, will deploy more resources in technology, engineering projects and finance to further diversify its growth pattern during the 14th Five-Year Plan period (2021-25), said its senior executives.
The diversified conglomerate has three pillar businesses－trade, real estate and management of culture-and art-related ventures. Its new moves will enhance the company s competitiveness, and strengthen its role as one of China s State-owned capital investment companies, said Liu Hualong, the group s chairman.
The larger goal is to cultivate new businesses with promising growth potential in the coming years, he said.
By Addison Gong
10.00 AM
In this round-up, Beijing plans to beef up capital requirements for domestic systemically important banks, foreign investors reduce their investment in domestic Chinese bonds in March, and JD.com’s technology unit is reportedly planning to set up a financial holding company.
The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) published draft regulations at the end of last week, asking domestic systemically important banks (D-Sibs) to comply with additional capital requirements.
The regulators finalised the D-Sibs framework in December 2020. The framework assesses which banks qualify as D-Sibs and assigns them into five buckets, with those in bucket five being the most systemically important.
Carnegie Endowment for International Peace
Francisco Urdinez
Source: Getty
Summary: During the pandemic, Chinese medical and equipment supplies to Chile have come mostly from a diverse cast of Chinese players with local experience in Chile. They adapted to Chileâs unique system of emergency and disaster management.
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Preface
China has become a global power, but there is too little debate about
how this has happened and what it means. Many argue that China exports its developmental model and imposes it on other countries. But Chinese players also extend their influence by working through local actors and institutions while adapting and assimilating local and traditional forms, norms, and practices.
China pushes vaccine on bankers, colleges to catch up with US
Jun Luo and John Liu
Apr 5, 2021 – 3.36pm
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Hong Kong/Beijing | China is ramping up its COVID-19 vaccination push, aiming to be twice as fast as the US by pressuring Communist Party members, bank workers and college staff to get shots, as the lagging rollout threatens to undermine the advantage it secured by effectively wiping out the virus.
The inoculation effort has been stepped up markedly in recent weeks, with China now administering an average of 5 million doses a day from less than a million at the start of the year. While a significant increase, that translates to five doses for every 100 people, compared with 25 in the US and 56 in Israel, according to Bloomberg’s vaccine tracker.