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Top News In குவாங்டாங் ஹாங் காங் மக்காவோ அதிகமானது வளைகுடா பரப்பளவு Today - Breaking & Trending Today

Foreign investors line up for China financial services play

Foreign investors line up for China financial services play
By JIANG XUEQING |
China Daily |
Updated: 2021-05-06 09:03
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DBS stake in Shenzhen rural bank signals rising confidence in new round of opening-up
Foreign financial institutions, or FFIs, are planning to increase investment in China s commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to further open up its financial sector, industry experts said.
Singapore s DBS Group announced recently its subsidiary DBS Bank has received Singaporean and Chinese regulatory approvals to acquire a 13 percent stake in Shenzhen Rural Commercial Bank with 5.29 billion yuan ($815 million).
DBS Bank, a multinational banking and financial services corporation, will use funds owned by the bank to buy 1.35 billion new shares of Shenzhen Rural Commercial Bank, abbreviated as SZRCB, at a price of 3.91 yuan per s ....

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Xinhua Asia-Pacific news summary at 1600 GMT, May 6

Xinhua Asia-Pacific news summary at 1600 GMT, May 6
Xinhua
07 May 2021, 02:44 GMT+10
TOKYO The Japanese government has decided to extend the duration of the COVID-19 state of emergency currently in effect for Tokyo, Osaka, Kyoto and Hyogo prefectures until the end of the month as well as expand the coverage to include two prefecture, local media quoted senior officials as saying Thursday.
The officials said Japanese Prime Minister Yoshihide Suga will also declare a state of emergency in Aichi and Fukuoka prefectures and confirm the extension of the current emergency periods on Friday.(Japan-Emergency)
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HONG KONG Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam said on Thursday that as of April 30, a total of 2,394 jobs were provided under the Greater Bay Area Youth Employment Scheme which was more than expected. ....

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China's investment in Greater Bay Area to pay off handsomely: expert - World News

2021-05-05 22:07:06 GMT2021-05-06 06:07:06(Beijing Time) Xinhua English
NEW YORK, May 5 (Xinhua) The Guangdong-Hong Kong-Macao Greater Bay Area in south China has a very positive outlook with large-scale investment and unified planning, a senior U.S. expert in transportation policy and urban planning said Tuesday.
China s massive investment in world-class infrastructure from high-speed rail to top-tier international airports will pay off handsomely over time, said Robert Cervero, professor emeritus with City and Regional Planning Faculty of University of California, Berkeley.
China s strong legacy of unified master planning from cities to industries to education will likely give it a competitive edge in the global marketplace over time, especially in the Greater Bay Area, said Cervero. ....

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Youth drawn to Greater Bay Area

Youth drawn to Greater Bay Area
By PEI PEI in Shenzhen, Guangdong |
CHINA DAILY |
Updated: 2021-05-04 08:17
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Wunman Cheng
The Guangdong-Hong Kong-Macao Greater Bay Area has many possibilities for Hong Kong youngsters to realize their ambitions and dreams, said Wunman Cheng.
Cheng, who is in her 20s, began her career in Shenzhen in 2019, soon after the central government launched the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.
The GBA was a blueprint then, but it had a solid economic foundation and infinite vitality. I am optimistic about its promising future.
She works for China State Construction International Medical Industry Development Co., a State-owed enterprise based in Hong Kong and Shenzhen. ....

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Family Values

Family Values
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With its robust financial infrastructure, world-class support services and a range of new governmental initiatives, Hong Kong offers the perfect environment for establishing a family office.
Hong Kong has an abundance of unique and well-established advantages as an international financial center, but an aspect that is often overlooked is the city’s status as a leading location for setting up family offices.
Home to 80 billionaires, Hong Kong is the third-richest city behind only Beijing and New York in the Forbes World’s Billionaire List 2021.
Information Services Department
As private banks and wealth management advisory firms for ultra-high-net-worth families or individuals, family offices play a crucial role in asset and risk management, estate and succession planning, and providing support for personal and philanthropic activities, making them an indispensable resource for managing and growing intergenerational wealt ....

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