By Addison Gong
05.00 AM
In this round-up, Beijing and Washington pledge to fight climate change together, Citi plans to set up onshore securities and futures companies as it ends consumer banking operations in 13 markets including China, and the banking and insurance regulator reassures the market that Huarong Asset Management Co’s operations are stable.
China and the US have issued a joint statement on climate change, after a meeting in Shanghai between US special presidential envoy for climate, John Kerry, and China’s special envoy for climate change, Xie Zhenhua, last Thursday.
The climate crisis must be addressed “with the seriousness and urgency that it demands” and the two countries are committed to working together as well as with other countries and parties, said the statement published by the US Department of State. This will include enhancing their respective actions and cooperating in multilateral processes, such as the United Nations Framework Convention on
By Reuters Staff
1 Min Read
SHANGHAI, April 16 (Reuters) - China Huarong Asset Management Co Ltd is operating normally and has adequate liquidity, the Shanghai Securities News reported on Friday, citing China’s banking and insurance regulator.
The China Banking and Insurance Regulatory Commission said Huarong is working with auditors to complete the audit of its 2020 annual report as soon as possible. The company will disclose information following the completion of the audit, the report said. (Reporting by Shanghai Newsroom; Editing by Toby Chopra)
Intl tech fair kicks off in Shanghai with over 1,000 firms By WANG YING in Shanghai | chinadaily.com.cn | Updated: 2021-04-15 17:39 Share CLOSE Achievements related to livelihood are presented at the 8th China (Shanghai) International Technology Fair, which is co-organized by the Ministry of Commerce, Ministry of Science and Technology, State Intellectual Property Office and Shanghai Municipal Government. [Photo by Gao Erqiang/chinadaily.com.cn]
The eighth China (Shanghai) International Technology Fair kicked off on Thursday as a platform showcasing the state-of-art technologies and innovations.
Held at the Shanghai World Expo Exhibition & Convention Center, this year s fair takes up a total exhibition area of 35,000 square meters, the same scale as last year s event.
State shipbuilder lands major container vessel deal By WANG YING in Shanghai | China Daily | Updated: 2021-04-16 09:19 The world s first 23,000 TEU liquefied natural gas-powered container ship is delivered in Shanghai in September 2020. [Photo provided to China Daily]
China State Shipbuilding Corp received an order for 13 container vessels, valued at more than 10 billion yuan ($1.53 billion), from Geneva-based Mediterranean Shipping Co (MSC).
The deal demonstrates that China s shipbuilding prowess has made breakthroughs via market development, product transformation and upgrades, experts said.
Each vessel has a capacity of 16,000 TEUs (twenty-foot equivalent units). The 13 vessels will be built jointly by Dalian Shipbuilding Industry Co and Guangzhou Shipyard International, Caixin, a business news outlet, reported.
Chinese shipbuilder lands major container vessel deal
China State Shipbuilding Corp received an order for 13 container vessels, valued at more than 10 billion yuan ($1.53 billion), from Geneva-based Mediterranean Shipping Co (MSC).
The deal demonstrates that China’s shipbuilding prowess has made breakthroughs via market development, product transformation and upgrades, experts said.
Each vessel has a capacity of 16,000 TEUs (twenty-foot equivalent units). The 13 vessels will be built jointly by Dalian Shipbuilding Industry Co and Guangzhou Shipyard International, Caixin, a business news outlet, reported.
The deal is believed to be the single largest container ship order placed with State-owned conglomerate CSSC, the State-owned Assets Supervision and Administration Commission of the State Council said on its website.