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As UBS calculated, overseas institutions' investment in the A-share market has surged from 555.5 billion yuan (.1 billion) in 2014 to 1.6 trillion yuan by the end of June this year, among which 60 percent came from the stock connect program between the trading houses in Shanghai, Shenzhen and Hong Kong. Although the Chinese forex regulator doubled the total QFII quota to 0 billion earlier this year, only 1.4 billion of that quota has been used so far.
As a branch of the Kunming International Flora Auction Trading Center, which is located in Kunming, Yunnan province, the new center encompasses an area of more than 20,000 square meters. It can provide 128 trading booths, where the scale of transactions can reach a maximum of 2.5 million flowers every day. Annual turnover is expected to reach 350 million yuan (.2 million).
As a Go lover who once won awards at provincial-level tournaments, Wang is also eager to delve into the reason why the top Chinese Go player, Ke Jie, lost to Google's computer program AlphaGo in 2017. He says learning more about big data and AI technology is the key.
As cryptocurrency bitcoin's value roller-coasted globally in recent months, so did the sleep pattern of Beijing-based cargoloader Zeng Wen, 27, who doubles up as a part-time risk-happy investor.
As for Nike Jordan's business blueprint in China, she said first-tier cities like Shanghai and Beijing were merely a beginning. The brand is looking to expand into more second-tier cities to "get in touch with more consumers".