20220804 China News
Source: | Author:eacham | Published time: 2022-08-04 | 526 Views | Share:



01

As China issued a series of policies to stabilize the macro economy, foreign companies are optimistic about the country's development prospects and business environment, with their confidence in the Chinese market further boosted, said Feng Yaoxiang, head of the Trade and Investment Promotion Department at the China Council for the Promotion of International Trade in Beijing. The council released a report on Friday that analyzed the business environment in China for foreign enterprises in the second quarter of this year with more than 500 companies surveyed.

 

02

Alibaba Group Holding Ltd said on Monday it will work to maintain its listing status on both the New York Stock Exchange and the Hong Kong stock exchange after the US securities regulator added the tech heavyweight to a list of Chinese mainland companies that face possible delisting. More US-listed Chinese mainland companies are likely to seek a dual primary listing on the Hong Kong bourse in the future, given that uncertainties abound in overseas capital markets and the audit oversight is further tightening in the United States, industry experts said.

 

03

Experts and insiders called for international cooperation to promote high-quality digital economy development at the 2022 Global Digital Economy Conference, which wrapped up in Beijing on Saturday. Themed "Embrace a Digital Future -- New Factors, New Rules, New Patterns," the three-day conference showcased cutting-edge digital technologies in the metaverse, virtual reality, and holographic projection and offered a glimpse into the latest achievements in the digital economy.

 

04

The Chinese mainland on Tuesday reported 38 locally transmitted confirmed COVID-19 cases, including 12 in Hainan and 10 in Gansu, according to the National Health Commission's report on Wednesday.

 

05

The enhanced standing of the renminbi as a key global reserve asset will further boost the Chinese currency's accelerated march toward playing a more central role in the international financial governance system, officials and experts said. Nevertheless, more reform and opening-up of China's financial markets are still necessary for the renminbi to become a well-acknowledged global currency like the US dollar and the euro, they added.

 

06

More Chinese vendors now sell their products globally through cross-border e-commerce platforms, and their number is on the rise, industry experts said. The increase in such transactions is also playing a substantially vital role in stabilizing China's foreign trade and economic growth amid the COVID-19 pandemic and complex external environment, they added.

 

07

China is firmly committed to cultivating new growth drivers to address challenges from both home and abroad, securing a decent growth for this year and fostering high-quality development for the future. Yi Huiman, chairman of the China Securities Regulatory Commission, highlighted the key role of capital markets in funding innovative industries.





Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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