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Charles Lin, chief executive officer of Vanguard Asia and chairman of Vanguard Investment Management (Shanghai) Ltd, said: "China's new round of opening-up of its financial sector provides foreign asset managers a rare opportunity to enter the Chinese market. Following the launch of a series of policies, the country will make big progress in its asset management industry, which will help the industry to keep up with international standards and practice."

Charlie Kindel. (Control4 Photo)

Central SOEs have not only completed big-ticket projects in transportation, manufacturing and infrastructure－railways, roads, shipping, aviation, pipelines and integrated information network facilities－in many countries participating in the BRI, but have also helped establish economic and trade cooperation zones, Weng said.

Chan Chun-ying, the bankingsector legislator, tells China Daily on Wednesday that Hong Kong's economy will not witness a fast, Vshaped recovery. [Photo by Parker Zheng/China Daily]

Chan said that over the past few months, the social unrest has not only damaged Hong Kong's image as a safe place and an international financial, commercial, trade and aviation hub, but also hit the local economy hard.