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Global Times Hong Kong

HKEX launches first A-share derivatives product in fresh boost for city’s financial market (Global Times)

The Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock exchange, on Monday launched its first A-share derivatives contract, offering global investors an appealing risk management tool that attests to China’s economic rebalancing, as the Hong Kong Special Administrative Region (HKSAR) muscles in as an international financial hub that backstops the globalization of the country’s capital markets.

HKEX launches first A-share derivatives product in fresh boost for city’s financial market – Global Times

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Belt and Road Initiative China Global Times

China speeds up new-energy cooperation with BRI partners amid push for green development (Chu Daye, Global Times)

China will deepen energy cooperation with partner countries under the Belt and Road Initiative (BRI) in the nuclear, new energy and smart energy sectors, as countries rise to climate challenges, Vice Premier Han Zheng said at the second Belt and Road Energy Ministerial Conference held in Qingdao, East China’s Shandong Province on Monday.

China speeds up new-energy cooperation with BRI partners amid push for green development – Global Times

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China Global Times UK

Does UK leader Johnson truly welcome Chinese investment? (Global Times)

There appears to be light at the end of the tunnel for Chinese investors when it comes to entering the UK market ever since the relationship between China and the UK soured in about two years ago.

Ahead of the Global Investment Summit held in London on Tuesday, UK Prime Minister Boris Johnson said during an interview with Bloomberg that Britain will not “pitchfork away” every offer of Chinese investment.

GT Voice: Does UK leader Johnson truly welcome Chinese investment? – Global Times

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China Global Times

Nation knows how to overcome temporary economic difficulties (Global Times)

Soaring coal prices are tightening up supply of coal and electricity in many countries, including China. Some regions in China have experienced power rationing, becoming catnip for some Western media outlets to exaggerate the impact of a power shortage on China’s overall economy.

Nation knows how to overcome temporary economic difficulties – Global Times

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China Global Times

Alibaba unveils self-developed chip amid China’s push for tech self-reliance (Global Times)

Chinese internet giant Alibaba on Tuesday unveiled its new chip for cloud computing, the company’s latest breakthrough in the core technology sector amid the nation’s push for technology self-reliance.

The chipset launch will help boost the company’s cloud computing business, in which it already has the largest domestic market share, while catching up with global players like Amazon and Microsoft, analysts said.

Alibaba unveils self-developed chip amid China’s push for tech self-reliance – Global Times

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China Global Times USA

China welcomes US firms to expand investment, official says amid rising positive signs (Chi Jingyi, Global Times)

China welcomes US companies to expand investment in China and deepen mutually beneficial cooperation, a senior Chinese official said on Monday, adding to growing positive signs for potential improvement in China-US trade ties and implementation of the China-US phase one trade agreement.

China welcomes US firms to expand investment, official says amid rising positive signs – Global Times

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Global Times Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Wealth Management Connect (WMC)

Landmark cross- boundary wealth management connect sees solid start (Global Times)

The landmark Wealth Management Connect (WMC) pilot program in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) saw solid results on its first day of operations on Tuesday, with strong demand for cross-boundary wealth management products, marking another crucial development in the ever-closer financial cooperation in the GBA.

Landmark cross- boundary wealth management connect sees solid start – Global Times

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China Global Times Russia

China, Russia sign road transport deal in boost for bilateral energy trade (Global Times)

China has signed an agreement with Russia on road transportation of dangerous goods, which will effectively boost bilateral trade in energy products, including liquefied petroleum gas and natural gas, according to a statement released by the Chinese Ministry of Transport (MOT) on Tuesday.

China, Russia sign road transport deal in boost for bilateral energy trade – Global Times