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As a direct result of the speed and transparency afforded by the global payments innovation, banks using the service have seen a significant reduction in friction and as much as a 50 percent fall in their enquiry costs, according to SWIFT figures.
As companies scramble to realize innovation-driven expansion and embrace automation and digital technologies to improve plants and management, they will be in a better position to handle risks, Qu said, adding that there is no need to worry about China's economy.
As Shenzhen is a national entrepreneurial hub, HEC Paris' Dean Peter Todd said that the alliance will "allow greater mobility and networking between France and China for students, faculty members and startups".
As a major step in China's financial opening-up process, government officials have vowed to ensure the stock connect starts trading by the end of the year.
As an important dialect, the government has taken various measures to promote the use of Cantonese, such as opening Cantonese classes at schools, establishing standards in written Cantonese and organizing cultural activities, the ministry said.
来源：资阳报