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'Icebreakers' key to Sino-UK business ties


SONG CHEN/CHINA DAILY
Last year, President Xi Jinping had two telephone conversations with British Prime Minister Boris Johnson, and charted the course for further advancing Sino-British relations. In February 2021, Premier Li Keqiang delivered a speech, via video link, at a New Year banquet held by the United Kingdom s 48 Group Club, encouraging Chinese and British peoples to strengthen the icebreaker spirit.
And on July 6, Premier Li and British business representatives held a successful dialogue, through video link, which greatly encouraged and supported Chinese and British business communities to advance practical cooperation, reflecting his eagerness to champion Sino-British friendship.
With long histories and splendid cultures, China and the UK are important representatives of Eastern and Western civilizations. Exchanges between the peoples of the two countries go back a long time in history. At the beginning of the 1950s, when Western countries imposed emb ....

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Shanghai further opens up two-way financial investment with QFLP and QDLP pilot programs


CHINA / SOCIETY
By Global Times Published: May 25, 2021 06:11 PM
Photo: ICShanghai is dedicated to further opening up two-way financial investment with multiple measures like further promoting the Qualified Foreign Limited Partner (QFLP) and Qualified Domestic Limited Partner (QDLP) pilot programs, in an effort to accelerate building the city into a global asset management center, according to a document released by the local government on Tuesday.
The city will promote foreign institutions to participate in the QFLP pilot program to manage domestic yuan funds and encourage qualified domestic institutions to become involved in the program.
Under the scheme, QFLP pilot institutions will be encouraged to carry out investment in multiple sectors including domestic non-listed company equity, private placement and mezzanine funds of listed companies and venture capital funds. ....

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