A glance at a production line of FAW-Volkswagen in Tianjin. [Photo provided to chinadaily.com.cn] A surge in foreign investment recorded in the coastal city of Tianjin reflects the confidence of multinational corporations in the Chinese market, officials and experts said. On Wednesday, US-based pet food company Mars and Sino-German joint venture FAW-Volkswagen announced new investments … Continue reading MNCs show confidence in Tianjin with investments
Tag: foreign
China seen continuing to cut US debt holdings
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] China is likely to continue to reduce the share of United States debt in its overall foreign exchange reserves as it ramps up efforts to diversify foreign asset portfolios to reduce risk exposure, experts said … Continue reading China seen continuing to cut US debt holdings
High-standard financial opening-up planned
A view of the Huangpu River in Shanghai. [Photo/VCG] The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating development of foreign institutions in China, an official of the top financial watchdog told China Daily in … Continue reading High-standard financial opening-up planned
Top financial watchdog plans to aid development of foreign institutions in China
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog … Continue reading Top financial watchdog plans to aid development of foreign institutions in China
China enhances payment services at key tourism sites
Chinese authorities recently released a circular with specified measures to further optimize payment services and improve convenience in major tourist attractions across the country. The diverse payment needs of senior citizens, foreign and other visitors in the cultural and tourism sectors will be better met, according to the circular jointly issued by the People’s Bank … Continue reading China enhances payment services at key tourism sites
Apps simplify expense steps for foreign users
A foreign resident uses a mobile payment app at a restaurant in Hangzhou, Zhejiang province. [Photo/China Daily] Chinese mobile payment service providers are making it easier for overseas visitors to pay for their daily purchases online, as part of a broader drive by the nation to improve the payment experiences of foreigners. Alipay, the digital … Continue reading Apps simplify expense steps for foreign users
Visitors to benefit from payments revamp
Visitors purchase cashmere products through mobile payment methods during the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, in September. [Photo/China Daily] China is expected to intensify efforts to facilitate a seamless payment mechanism for foreigners and the elderly, and create a more friendly, inclusive and multichannel payment environment, said experts and business leaders. … Continue reading Visitors to benefit from payments revamp
China unveils new measures to streamline foreign exchange business processes
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING – The State Administration of Foreign Exchange (SAFE) released a circular on Sunday, announcing the introduction of six measures aimed at optimizing foreign exchange business processes. According to the circular, these newly-introduced measures are … Continue reading China unveils new measures to streamline foreign exchange business processes
EVs spur global interest in battery field
A technician checks battery products at an industrial park in Yichang, Hubei province. [ZHANG GUORONG/FOR CHINA DAILY] China’s battery industry continues to enthuse foreign investors, buoyed by the country’s robust demand for electric vehicles and its leading position in battery technologies, said industry experts. Despite global economic uncertainties, China’s battery sector remains attractive to investors, … Continue reading EVs spur global interest in battery field