Business & Markets

Xinhua News Agency, Chengdu, October 25 (Xinhua News Agency): Chinese and European enterprises expand green, intelligent manufacturing and consumption cooperation. Xinhua News Agency reporters Lu Yuyi, Li Qianwei, and Kang Jinqian 30 years ago, when German entrepreneur Harald Kopfet came to China to carry out energy-saving business, most of the technology required for the project relied on imports from Europe. Today, he is trying to bring China's energy-saving technology and experience back to the European market. At the 19th China-EU Investment and Trade Science and Technology Cooperation Conference held in Chengdu recently, a Chinese company demonstrated elevator energy-saving technology that aroused the interest of Compfit, and he plans to further engage with the company. Citing Chamber of Commerce survey data, Tang Yadong, Secretary-General of the European Union Chamber of Commerce in China, said that 75% of the member companies surveyed believe that production lines in China are more efficient than those outside China; 94% of the member companies surveyed believe that sourcing from China is important or very important to their supply chain and business success. In the field of new energy vehicles, the cooperation between Chinese and European companies has continued to expand. “The development of the electric vehicle industry in China is amazing. Tang Yadong said that European automakers are seeking cooperation with Chinese suppliers and related companies. The opening ceremony of the 19th China-EU Investment and Trade Science and Technology Cooperation Fair (photographed on October 22). At the meeting, Zhu Junbo, vice president of the British-Chinese Trade Association, pointed out that Chinese innovation is becoming an increasingly important part of Europe's green transition, citing the cooperation between CATL and European automakers as an example....

China congratulates Luiz Inacio Lula da Silva on his victory in Brazil's presidential runoff. China is prepared to collaborate with Brazil to further develop their shared future partnership.

The Fintech Weekly is a featured product released by TMTpost, integrating the most important regulatory policies and industry dynamics in the fintech sector for the week. Recently, Director Ding Xiangqun of the China Banking and Insurance Regulatory Commission (CBIRC) stated that all financial activities will be subject to regulation according to the law, strictly punishing financial "black-gray industries"; banking institutions added over 20 trillion yuan in financing from January to September. The industry believes this move signals a strengthening of financial regulation and the promotion of transformation within the banking sector. [CCTV.com] On October 19, People's Bank of China (PBOC) Governor Pan Gongsheng stated at the theme speech of the 2026 Financial Street Forum Annual Meeting that artificial intelligence is having profound impacts on productivity, investment, employment, income distribution, and financial stability. The PBOC will focus on three key areas: closely tracking and analyzing the macroeconomic impact of AI and making forward-looking policy considerations; improving financing support systems for AI companies, focusing on core technology research and innovation; and steadily advancing the application of AI in finance, covering monetary policy analysis, financial risk identification, payment, credit reporting, anti-money laundering supervision services, while guiding financial institutions to guard against risks related to data security and model applications.

Chief Economist of Sarra Sarasin Karsten Junius believes that with market-based inflation expectations well-anchored and financial conditions remaining tight, Federal Reserve Chairman Kevin Warsh has the patience to wait. Junius estimates that the Fed may opt for a gradual rate hike, including a 0.25 percentage point increase in December and three more hikes next year. (Compiled by Hong Qijian)1151026 Choose to stand with facts and support free journalism; every share is a force for upholding news freedom. Download Central News Agency's "One-Hand News" app to get the latest updates. Reproduction of text, images, and videos on this website without authorization is strictly prohibited.

A Hong Kong lawmaker has questioned whether fines under a government proposal to increase price transparency among the city’s private healthcare providers are too low to serve as an effective deterrent. Under the proposed bill introduced to the Legislative Council by health minister Lo Chung-mau on Friday, private healthcare providers will be required to provide a bilingual price list at reception desks and cashier counters.

The Fintech Weekly is a featured product released by TMTpost, integrating the most important regulatory policies and industry dynamics in the fintech sector for the week. Recently, Director Ding Xiangqun of the China Banking and Insurance Regulatory Commission (CBIRC) stated that all financial activities will be subject to regulation according to the law, strictly punishing financial "black-gray industries"; banking institutions added over 20 trillion yuan in financing from January to September. The industry believes this move signals a strengthening of financial regulation and the promotion of transformation within the banking sector. [CCTV.com] On October 19, People's Bank of China (PBOC) Governor Pan Gongsheng stated at the theme speech of the 2026 Financial Street Forum Annual Meeting that artificial intelligence is having profound impacts on productivity, investment, employment, income distribution, and financial stability. The PBOC will focus on three key areas: closely tracking and analyzing the macroeconomic impact of AI and making forward-looking policy considerations; improving financing support systems for AI companies, focusing on core technology research and innovation; and steadily advancing the application of AI in finance, covering monetary policy analysis, financial risk identification, payment, credit reporting, anti-money laundering supervision services, while guiding financial institutions to guard against risks related to data security and model applications.

A Hong Kong lawmaker has questioned whether fines under a government proposal to increase price transparency among the city’s private healthcare providers are too low to serve as an effective deterrent. Under the proposed bill introduced to the Legislative Council by health minister Lo Chung-mau on Friday, private healthcare providers will be required to provide a bilingual price list at reception desks and cashier counters.