JP Morgan has become the latest foreign firm to apply to set up a majority ownership securities firm in China, taking advantage of new rules the country put in place last month as part of its move to further open up the economy.
Jiang Feng, Party secretary of SISU, said, "As a foreign studies university on the way to joining the world's first echelon in national and regional studies as well as global knowledge, we feel very much encouraged by Xi's report to better achieve our mission, and we believe that there will be bright prospects in what we have and will be continuously committed to."
Jiang Jianjun, mayor of Zhanjiang, said the high-speed railway development plan, which includes construction of five lines to link the city to the rest of the country, is of great significance in Zhanjiang's economic construction and opening up to the outside world, as transportation has become the bottleneck that is preventing the city's economy from rapid growth.
Jean Sun, assurance partner of PwC China, said brokerages and investment banks received updated IPO approval guidelines from the central regulator in June.
Jeff Collett, a professor of atmospheric science at Colorado State University in the United States, paid a visit to the Quzhou Backyard in May, and after talking to several students there he said they had good ideas and could convince farmers to try new practices.
Jack Ma, founder and chairman of Alibaba Group. [Photo/IC]
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Jia Mo, an analyst at market research company Canalys, noted the key reason why Samsung closed its factory in China lies in the rising costs in China's manufacturing sector. "However, the move toward shifting its production capacity abroad means Samsung will gradually lose its share in the Chinese smartphone market."
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Jerry Zhang, CEO of Standard Chartered China, holds the same view that companies will take advantage of China's policies and grow economically with the country.
Jean Sun, assurance partner at PwC China, said after the IPO expansion in 2016 and tightening toward the end of 2017, the China Securities Regulatory Commission has been pursuing greater balance in the IPO arena.