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.
One day last summer, Chinese actor-turned-director Lin Xiyue dined with his father Lin Zha
ohua, a veteran theater director, at his father’s home in Beijing. After dinner, the father and son smoked ciga
rettes together on the balcony, where the father spoke about the Lin Zhaohua Theater Arts Festival.
The festival, initiated by Lin Zhaohua in 2010, is seen as a cultural e
vent which brings well-known and pioneering foreign plays to Chinese audiences.
“When he told me that he wanted me to be the artistic director of the festival in 2019, hones
tly, I was not ready for that,” says the 49-year-old Lin Xiyue, who started directing plays about five years ago.
“I was not even sure if we could have another Lin Zhaohua The
ater Arts Festival since almost every year they encountered financial losses.”
cturers in key regions, and in 80 percent of the sector nationwide by the end of 2025, under a guideline pub
lished by the Ministry of Ecology and Environment on Sunday. The guideline was drafted by the ministry and four other central gove
rnment bodies, including the National Development and Reform Commission, the country’s economic planner.
The guideline sets different limits for various procedures in steel produ
ction. The hourly density of particulate matter in emissions should be below 10 mill
igrams per cubic meter in all procedures. As for sulfur dioxide and nitric oxide discharges, the limit can dif
fer. The hourly concentration of sulfur dioxide, for example, should be below 35 mg/cu m in emissions generated by core pr
ocesses, such as pellet roasting, but the standard is relaxed to 50 mg/cu m for other processes.
At least 80 percent of raw materials and products should be transported v
ia railway, ship and pipeline rather than road transportation, the guideline said.
China is the largest steel-maker in the world. The country produced 928 million metri
c tons of crude steel in 2018, representing 51.3 percent of the world’s output, the ministry said.