On July 4th, the ETF Connect Program celebrated its two-year anniversary, marking a milestone in facilitating two-way capital flows between mainland China and Hong Kong for eligible ETFs. The program has grown significantly since its inception, with the number of eligible ETFs rising from 87 to 151, and monthly Northbound trading volume increasing from US$55 million to US$2.98 billion as …
Diverse Industry Performance Highlighted in Q2 2024 GBA Business Confidence Report
The latest Standard Chartered GBA Business Confidence Index (GBAI) for Q2 2024 reveals a varied performance across industries in the Greater Bay Area (GBA). The “current performance” index for business activity remained steady at 54.1, slightly down from 54.3 in Q1 but maintaining a strong level since Q2 2021. The “expectations” index rose to 54.8 from 54.0, marking its first …
Hainan Free Trade Port Strengthens Ties with Swiss Businesses
From July 4-6, a delegation from China’s southern Hainan Province conducted promotional and exchange activities in Switzerland to foster cooperation in medical health, education, and high-end shopping and consumption. Key Events and Discussions The delegation held significant meetings with companies such as Merck, Richemont, and Roche Diagnostics, and institutions including EHL Hospitality Business School and the World Trade Organization. The …
Exploring the Vast Opportunities at China Trade Fairs
China Trade Fairs are renowned globally for their scale, diversity, and the incredible business opportunities they present. These events are a critical platform for companies looking to expand their market presence, explore new products, and network with industry leaders. Whether you’re a seasoned entrepreneur or a budding startup, attending a China Trade Fair can be a game-changer for your business. …
China Economic Daily Brief – July 4, 2024
McDonald’s Launches Food Supply Base in Hubei McDonald’s, in collaboration with four food suppliers, launched a smart industrial park in Hubei’s Xiaogan City. The park will produce nearly 300 million loaves of bread, 30,000 tonnes of meat, 30 million pastries, and two billion packaging products annually, enhancing McDonald’s supply efficiency and localization in central and western China. Surge in Summer …