The first licensed virtual banks intend to begin operations within six to nine months, said HKMA Deputy Chief Executive Arthur Yuen on Wednesday. The process of applications from five more institutions is in the pipeline, including rumored ones such as Tencent's Tenpay, Alibaba affiliate Ant Financial, smartphone maker Xiaomi and Ping An Insurance that the market placed high hopes on.
The floor space of commercial buildings sold was 1.69 billion square meters, up by 7.7 percent year on year, while the floor space of residential buildings sold went up by 5.3 percent.
The foreign investment topic is gaining momentum in Italy, in light of the benefits that these investments can bring to support the fragile recovery of the domestic economy. A growing role is being played by the emerging economies that have shown, in recent years greater dynamism in terms of foreign investments. Among these, the People's Republic of China certainly represents the lion’s share, as it became for the first time in 2015 a net investor, thanks to the significant growth of investments flowing out the country that exceeded the foreign investments in China.
The forum, entitled "The 2018 CONNECT Conference," focused on the theme of "Intelligent System, Technology Meets Industry" which is devoted to the frontline technologies such as artificial intelligence (AI) technology, cyber security, smart cars, deep learning, as well as AI chips and manufacturing.
The first sticking point is financing. Would-be homeowners are finding it impossible to get traditional loans for nontraditional houses.
The first Lancang-Mekong Water Resources Cooperation Forum kicked off in Kunming, Yunnan province on Thursday.
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The five-day conference will feature discussions on sustainable development of ports through the application of advanced technologies, as well as issues of cooperation among seaports within the framework of China's Belt and Road Initiative.
The fires in Northern California have created such a haze of smoke in the Central Valley that Sacramento County health officials advised residents to avoid outdoor activities for the entire week.
The findings showed that 63 percent of employees polled at large companies believed corrupt practices "happened widely". The study covered 14 markets in the Asia Pacific, including China and India.
The first one is obvious. Amazon has an insatiable appetite for growth that can’t be satisfied by its humble hometown, which is already dealing with a huge population spike and the congestion issues that come with it. It’s entirely possible that Bezos and his team sat down, outlined growth goals, and decided, “there’s not room for us here.”