国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Shanghai to benefit from new bank's HQ

By WEI TIAN in Shanghai, CHEN WEIHUA in Washington and AMY HE in New York (China Daily) Updated: 2014-07-17 04:14

Institution to provide business opportunities to Chinese investors

The newly established BRICS development bank, to be headquartered in Shanghai, will help the city realize the aspiration of becoming a global financial center, experts said.

"It's the first time a major international institution will be headquartered in Shanghai. It signals that the city's financial services are of a global standard," said Chen Bo, an economist at Shanghai University of Finance and Economics.

Shanghai to benefit from new bank's HQ
BRICS bank to be headquartered in Shanghai 

Shanghai to benefit from new bank's HQ
BRICS leaders hail outcome of first-day summit

Brazil, Russia, India, China and South Africa, or BRICS, announced the founding of the New Development Bank on Tuesday during a summit in Brazil.

The new bank reflects the growing influence of BRICS, which accounts for almost half the world's population and about one-fifth of global economic output.

It will have an initial subscribed capital of $50 billion equally shared among the founding members, and will support infrastructure and sustainable projects in developing countries.

Chen said the bank will greatly benefit Shanghai as intergovernmental loans bring in more commercial transactions. Favorable policies expected to be launched in the experimental Shanghai Free Trade Zone will help create a hospitable business environment.

In June, the biggest bank in Latin America, Banco do Brasil, decided to upgrade its office in Shanghai to a branch, to tap into opportunities emerging from expanding trade and investment between the two nations.

Chen said expanding business relations among BRICS countries lays a solid foundation for Shanghai to build itself into a global financial center by 2020.

Ye Yu, a researcher at the Shanghai Institute of International Studies, said the city's infrastructure, security and business climate are incomparable among other BRICS cities, making it the first choice as a venue for the bank's headquarters.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
教育| 石景山区| 额济纳旗| 朔州市| 内丘县| 景泰县| 洛川县| 鹤山市| 襄汾县| 罗城| 那坡县| 横峰县| 西藏| 湘潭市| 云林县| 随州市| 垣曲县| 株洲市| 长治市| 桂林市| 天气| 平顶山市| 天祝| 德兴市| 汉阴县| 平湖市| 贵阳市| 原平市| 淳安县| 东源县| 琼结县| 故城县| 九江县| 临桂县| 工布江达县| 弥勒县| 承德县| 东乌珠穆沁旗| 静海县| 克山县| 青阳县|