The Chinese mainland brand, whose cost-effective smartphone handsets target tech-savvy and trendy young consumers, has yet to launch sales in Hong Kong, but it plans to make inroads into the financial hub very soon, George Zhao Ming, president of Honor, said in a recent interview with China Daily in Hong Kong.
The Canadian policy think tank's report measures economic freedom - the ability of individuals to make their own economic decisions—by analyzing the policies and institutions of 162 countries and territories. Indicators include regulation, freedom to trade internationally, size of government, property rights, government spending and taxation. Hong Kong topped the first two indicators. The 2020 report is based on data from 2018, the latest year of comparable statistics.
The China Banking Regulatory Commission has announced rules to further standardize the management of entrusted loans, strictly restricting the sources and uses of such funding.
The Chinese economy is projected to grow steadily this year, with full-year GDP growth rate likely to reach 6.4 percent year-on-year, investment bank JPMorgan said on Tuesday.
The China Banking Regulatory Commission listed a wide range of activities as key points for rectification this year, including preventing banks from funneling funds into the stock market, the real estate industry, local government financing vehicles, or high-polluting and overcapacity industries that do not meet national industrial policies.
The Chinese government has been continuing efforts to promote reforms to delegate power, streamline administration and optimize government services.
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The Center for Food Safety (CFS) of the HKSAR government's Food and Environmental Hygiene Department said the decision was made in view of a notification from the World Organization for Animal Health (OIE) about an outbreak of highly pathogenic H5N8 avian influenza in Elias Motsoaledi.
The China-Myanmar crude oil pipeline started operations after an oil tanker began offloading crude oil in the Southeast Asian country on Monday, which signals a new phase in energy cooperation between the two countries and helps ensure China's oil and gas imports.
The China Securities Regulatory Commission and the Shanghai Stock Exchange released detailed rules for the new board on their respective websites on Friday night. The regulations took effect immediately, signifying that tech companies can start to submit listing applications.
The Chinese embassy in Washington said in a statement, "We hope that the US side, with sense and the long-term picture in mind, refrains from going further down the wrong path".