Skip to content
anghai and Zhejiang, Bank of China will come up with more offshore FTZ businesses in the near future.
上海千花坊Kong Qingwei, chairman of China Pacific Insurance (Group) Co Ltd, said t
he Yangtze River Delta region is a key driver of the group’s annual income and inno
vative development. Of the insurer’s 126 million customers in China, 30 million live in the region, and account for 80
billion yuan, or 25 percent, of the insurer’s 320 billion yuan in total premiums.上海千花坊品茶微信
As Kong understands, there are plenty of opportunities for insurance companies in the integr
ated development of the Yangtze River Delta region, with transportation as a top priority.上海千花坊
“Insurance capital can help the government to boost domestic consumption. A com
prehensive transportation network connecting railway, subway, ports and even airports ha
上海千花坊品茶微信s been a longstanding goal of many cities in this area. This is where insurers can play a big role,” he said.
Elderly care is another sector where insurance companies can find big opportunities, said Ko
ng. In early June, CPIC opened an elderly care community in Hangzhou, and is about to launch a new one in Nanjing.
“The idea is to let the senior citizens in Shanghai enjoy quality elderly
care services in other parts of the Yangtze River Delta region. More room in Sha上海千花坊品茶微信
nghai can thus be given to ambitious young entrepreneurs to set up their own businesses,” he said.
The integration of risk prevention schemes for peasants in the Ya
ngtze River Delta region is one more area where insurers can focus on, said Kong.上海千花坊品茶微信
Peasants’ income can be largely increased via products such
as cost insurance, yield insurance, income insurance or one-stop insurance service.
上海千花坊品茶微信He Haifeng, director of the Institute of Financial Policy, which is a part of the Chinese Academy of Social Sciences, said the
integrated development of the delta region presents many latent challenges. So, more efforts should be made to ref
orm finance and tax areas, to reduce fees in various fields, and improve the overall business environment.
sabel Ge Mahe sharpens US tech giant’s focus on the Chinese market with new initiatives
Isabel Ge Mahe, vice-president and managing director of Apple in C
hina, started off her career on the technical management side but graduated to bu
siness administration, leveraging both her aptitude and educational qualifications.
management, said they are seeing high levels of cash globally. But she also stressed that, alth
ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.
Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti
on between China and the United States, 36 percent of the 465 Chinese high net worth ind
ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In
stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing
asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.
Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th
eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.
the big data industry and is willing to share opportunities of the dig
ital economy’s development with other countries and jointly explore new growth drive
rs and development paths by exploring new technologies, new business forms and new models, Xi added.
With increasingly wider applications of digital technologies in China, the country is expected to genera
te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re
port by market researcher International Data Corp and data storage firm Seagate.
In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.
United Nations Secretary-General Antonio Guterres said that f
rom medicine to transportation to farming, big data presents the world with a r
emarkable tool to advance global progress, but with that opportunity also comes risk.