20230403 China News
Source: | Author:eacham | Published time: 2023-04-03 | 778 Views | Share:



01

China and Singapore signed a Memorandum of Understanding on Saturday to announce the substantive conclusion of subsequent negotiations on an upgraded bilateral free trade agreement. The teams of both sides will continue the follow-up works of legal review and translation of the texts, and fulfil their respective domestic procedures to sign the agreement as soon as possible, said China's Ministry of Commerce in an online statement.

 

02

Premier Li Qiang called on Thursday for building an Asia-Pacific community with a shared future to inject greater certainty into world peace and development, amid a turbulent international landscape and mounting challenges facing humanity.

 

03

The highly-anticipated "city of the future," Xiong'an New Area, is swiftly taking shape as it witnesses the culmination of all-out efforts to crystallize a grand vision that was formulated six years ago. On April 1, 2017, China announced plans to establish the new area in Hebei Province, to relieve Beijing of functions non-essential to its role as the national capital and advance the coordinated development of the Beijing-Tianjin-Hebei region.

 

04

Leading Chinese tech companies said on Thursday that they would not like to see a pause or slowdown in the game-changing GPT-4 technology, but instead vowed more efforts to develop responsible artificial intelligence to balance benefits and risks.

 

05

China's property market expectations are improving with first-home interest rates going down and bank lending accelerating, ThePaper reported on Thursday.China's housing market is currently undergoing a series of positive changes as first-home loan interest rates and the down payment ratio have gone down and the market sales decline has narrowed significantly.


 06

China's securities regulator has approved the initial public offerin gapplications of three companies on the science and technology innovation board.Semiconductor Manufacturing Electronics (Shaoxing) Corporation, Hangzhou AGS Medtech Co Ltd and Maxic Technology, Inc will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

 

07

Sticking to its traditional market of banks' distressed assets, China Cinda Asset Management Co effectively helped financial institutions mitigate existing credit risks and maintain healthy operation, the company said on Tuesday. The State-owned distressed asset management company actively participated in the reform and risk mitigation of small and medium-sized financial institutions, acquiring their distressed debt assets of 53.4 billion yuan ($7.75 billion) last year, up 45 percent from 2021, said China Cinda in an announcement of its 2022 annual results on Tuesday.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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