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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 Telecom also said in a statement that the 5G licensing will be a key step to build the country into a cyber power. It is also conducive to gaining a competitive edge in the telecom sector, which will help drive technological innovation, embrace industrial upgrading as well as boost high-quality economic growth, the company said.
China Tianjin International Fair for Investment and Trade opened in Tianjin on Thursday, focusing on opening-up, cooperation and high-quality development.
China COSCO Shipping is a state-owned company set up in early 2016 after the merger of COSCO and China Shipping.
China and ASEAN will have more cooperation opportunities in e-commerce with the help of the Belt and Road Initiative, he says.
