The bank has introduced 26 types of external data, such as data from taxation, customs, and industry and commerce administrations, to its data warehouse. After it has added up and cross-checked various types of information, the bank will create a profile for each corporate client and select those with a good track record for an automated loan approval process, based on its own ratings model, said Zhang Weizhong, general manager of the financial inclusion department of China Construction Bank.
The biggest driver of demand in the global civil aviation industry will be the Asia-Pacific region, with an eastward shift, said the International Air Transport Association or IATA in its latest 20-Year Air Passenger Forecast.
The bilateral accord, which established Paraguay's purchasing timeline from Itaipu through 2022, was signed on May 24 and never officially made public.
The biggest issue of the chip industry lies in the high design threshold, and only a few enterprises can afford the high R&D costs of medium-level and high-end chips, said Ni Guangnan, an academician at the Chinese Academy of Engineering, adding that such a situation has restricted innovation in the chip industry.
The base was completed in June, and more than 53,000 square meters were sown with pears, peaches and herbs, plus white poplar trees which will eventually be sold as lumber.
The bill, which was intended to plug legal loopholes in Hong Kong's handling of fugitives, was suspended by the government on June 15. In the weeks since, the city has seen its people divided over the issue, as well as protests that frequently involved violence.
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The authorities said there is enough fertilizer, pesticides, seeds and agricultural tools available to ensure success.
The bank's subsidiaries, BOCOM International Holdings Company Ltd and Bank of Communications International Trust Co Ltd, jointly set up in April a private equity fund focusing on investment in science and technological innovation.
The bank's non-performing loan ratio came in at 1.47 percent, down 0.02 percentage points from the end of 2018.
The author is chairman of Global Counsel and president of the Great Britain China Centre. He is a former European trade commissioner and British First Secretary of State. The views do not necessarily reflect those of China Daily.