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China Railway has been actively engaging in securitization and optimization of its assets. Last April, the company signed a strategic cooperation agreement with the Shanghai Stock Exchange for railway construction bonds, railway capital securitization and plans for its subsidiaries to go public. Earlier this month, China Railway Special Cargo Services Co Ltd, another subsidiary of China Railway, completed its share transfer, another significant push in its mixed ownership reform.
China Merchants Group and other China-based investors will provide 40 billion yuan for the fund, which will invest in Chinese technology companies and startups.
China and Pakistan launched a joint naval exercise on Monday in Karachi, a coastal city in Pakistan, according to the People's Liberation Army.
China and Israel established innovative comprehensive partnership in March 2017. Since then, the China-Israel ties in the hi-tech field have improved significantly.
China and the United Arab Emirates will reciprocally exempt visas for citizens starting Jan 16.