This aerial photo shows the Hong Kong-Zhuhai-Macao Bridge in South China. [Photo/Xinhua] Cross-border renminbi transactions in South China’s Guangdong province reached a record high of 7.39 trillion yuan ($1.02 trillion) in 2023, up 25.1 percent from the previous year, according to data from the provincial government. This is a milestone achievement in facilitating smooth and … Continue reading GBA poised to gain from RMB milestone
Tag: photo/xinhua
Insurers ramp up efforts in financial opening-up
Recent moves by Chinese insurers to advance two-way opening-up can help in furthering the high-quality development of China’s financial industry, industry leaders and market mavens said. Taiping Life Insurance has, for instance, improved services to foreigners who hold Chinese permanent residence ID cards. As of early May, 82 foreign clients holding such ID cards had … Continue reading Insurers ramp up efforts in financial opening-up