Over the same period, the net interest margin of Industrial and Commercial Bank of China Ltd decreased by 1 basis point to 2.29 percent. Gu Shu, president of ICBC, said: "We do see that our NIM is under pressure but I don't think we can make an assertion that the NIM has reached its upper limit."
Over the past year, internet giants, including Baidu, Alibaba, Tencent and 21 other internet companies worldwide, have been committed to ending online wildlife trafficking in China and their efforts are showing success.Information on about 1 million illegal products online was deleted, with over 10 million online illegal advertisements blocked, and 350,000 online illegal accounts removed, according to a report released at a ceremony marking the first anniversary of an internet coalition on Wednesday.The Coalition to End Wildlife Trafficking Online was established originally by 21 internet companies from North America, Asia, and Africa on March 7 last year. The coalition is the first of its kind. Three more companies joined the coalition in the past year.In addition, 129 people suspected of being involved in the illegal wildlife trade were arrested and over 18 million yuan (.7 million) in illicit money was confiscated, the report said. Wu Zhimin, director of the Wildlife Conservation Department of National Forestry and Grassland Administration, said that illegally trading endangered wildlife online is a new global challenge that requires collaborations from governments, related business and all aspects of society.“With the development of e-commerce and social media platforms, China’s internet industry has become an important force in combating cyber crime and conserving endangered wildlife at home and abroad,” he said.“The coalition has set an ambitious, yet bold goal of working to reduce wildlife trafficking online by 80 percent by 2020. We need more industry players to join the coalition to fight against wildlife trafficking online," said Jason Bell, the International Fund for Animal Welfare's vice-president for Conservation and Animal Welfare.“Detecting the sale of illegal wildlife products on social media platforms is now extremely difficult because traders started moving to the social media platforms that can reach millions of people, for example, like WeChat. So Tencent is an important part of this coalition that they have to really try hard to detect and recognize,” he added.The anniversary was jointly held by the World Wildlife Fund, International Fund for Animal Welfare, China Wildlife Conservation Association and 32 global internet companies.Eight new members joined the coalition on Wednesday, including Sina Weibo, Sogou Search, Han Tang Collection, artron.net, gucn.com, Gui You Tian Xia from China, Kupatana from Tanzania and Sapo from Vietnam.
Overseas securities firms and life insurers should be allowed to operate sole-funded ventures in China. The asset threshold of overseas banks should be removed, according to the report.
Overwhelmed by the ecstasy of shopping, people now barely mention the day originated from a civil celebration of Singles Day (the date 11.11 resembles four "bare sticks", the Chinese expression for the unattached). Alibaba first turned it into an online shopping stunt in 2009, encouraging shoppers to pamper themselves. However, in recent years people started to find that, compared to being single, it's not necessarily easier to shop on this day.
Over the years, many Filipino-Chinese business people have helped shape the Philippine business landscape through their hard work, diligence and ingenuity, said Ngu.
Overseas institutions are swarming into China's bond mark. In the first three quarters of this year, the net purchase of Chinese bonds by foreign institutional investors has reached 800 billion yuan. [Photo/VCG]
南通治疗男科比较正规的医院
Over the past three years, the Shenzhen-based commercial lender accelerated its exploration of digital transformation, technological transitions and financial inclusion for small businesses after its president Tian Huiyu announced in 2017 the goal of transforming China Merchants Bank into a fintech-powered lender.
Our strategy is to cover as much of China as possible. We are looking to add more provinces as we go more toward central and western China. We distribute our products in two ways. One is through agents, the number of which is growing at a very fast rate. We had 44,000 sales agents in the country by the end of 2017, doubling the size we had two years ago. At the same time, we have access to about 4,500 bank branches today, through which we can distribute our products. There are huge opportunities to go after. China is now the second largest contributor to our new sales and fourth largest contributor to our profit. The country will be the fastest growing market for us for many years to come given the size of the opportunity.
Over the next 20 years, US aircraft manufacturer Boeing Co predicted that worldwide, 804,000 new civil aviation pilots will be needed. The strong demand will come from a mix of fleet growth, retirements, and attrition, Boeing said in its latest pilot and technician outlook report.
Overseas students at Fudan University say its holistic approach has helped them understand China better, Cao Chen reports in Shanghai.