Visitors check the booth of Shanghai Pudong Development Bank at the eighth China International Import Expo in Shanghai on Nov 7. CHINA DAILY As Chinese banks accelerate their global push in support of the country’s high-level opening-up, international expansion is rapidly emerging as a new battleground. More lenders are turning to overseas growth to offset…
Photo taken on May 12, 2025 shows the scenery on both sides of Victoria Harbor in Hong Kong. [Photo/Xinhua] HONG KONG — Matthew Strauss, a portfolio manager with a Canadian investment firm, has visited Hong Kong at least twice a year for 11 years to sniff out investment opportunities. “As a global investor, you have…
The 15th Five-Year Plan (2026-30) has drawn up a new blueprint for the smart economy with the scale of China’s artificial intelligence-related industries expected to exceed 10 trillion yuan ($1.47 trillion). The country is accelerating its ascent toward becoming a global pacesetter in building an intelligent society. At which stage of development are the related…
The Cross-border Interbank Payment System is showcased at the 2025 China International Finance Exhibition in Shanghai on June 19. CHINA DAILY The internationalization of the renminbi is gathering pace as shifting global dynamics reshape currency preferences. With confidence in the US dollar weakening and demand rising for alternative safe-haven assets, the RMB is emerging as…
The Estee Lauder Companies Inc announced strong financial results for the second quarter of fiscal year 2026 on Feb 5. [Photo provided to chinadaily.com.cn] Riding on double-digit sales growth in the Chinese mainland, cosmetics giant The Estee Lauder Companies Inc said it will reinforce its expansion strategy in the market and boost its premium beauty…
China’s efforts to deepen opening-up in its services sector will unlock new opportunities for foreign companies, as policymakers steer the economy toward innovation, consumption and higher-value growth, said market watchers and business leaders. They said foreign companies in the services sector believe that initiatives such as the “Investing in China” and “Shopping in China” will…
China is intensifying its crackdown on irregular share disposals by listed companies’ major shareholders, as new draft rules seek to reduce enforcement discretion, enhance market fairness and improve investor protections, officials and experts said. The China Securities Regulatory Commission, the country’s top stock market regulator, released draft implementation rules on Friday detailing the definition and…
A view of Home in the Distance, a popular homestay in Zhangjiajie, Hunan province. CHINA DAILY On Leijia Mountain, 956 meters above sea level, Xu… Read More »Keepers of the mountainous scenery
Apple’s CEO Tim Cook attends the American Film Institute (AFI) Awards Luncheon in Los Angeles, California, US, January 9, 2026. REUTERS/Mario Anzuoni/File Photo SAN FRANCISCO — Apple said Monday that CEO Tim Cook will become executive chairman of the company’s board of directors, while John Ternus, Apple’s senior vice-president of hardware engineering, will become the…
China has voiced strong opposition to the European Union’s proposed revision of its Cybersecurity Act, warning that the draft could politicize trade, disrupt global supply chains and undermine bilateral economic ties, the Ministry of Commerce said on Monday. A ministry spokesperson said China remains open to dialogue but will take necessary countermeasures if Chinese companies…