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"Establishing their own wealth management subsidiaries is one of the steps taken by banks to make a transition in terms of asset management. What is more challenging for the reform is how the customers will react to the switch of wealth management products from the expected returns model to the net asset value model, which does not guarantee the return of principal and interest," he said.
"Electric cars are not rocket science and there is no need for the government to make an exception," he said.
"Facing a grim situation both at home and abroad, we will come up with more targeted measures to spur consumption, such as promoting new types of consumption and creating a better consumption environment," said Gao Gao, deputy secretary-general of the National Development and Reform Commission.
"Despite its dominance in mainland's .3 trillion food delivery and online services industry, and the backing from large hedge funds, the company may still be penalized for a geopolitical storm and global stock sell-offs beyond its control," Lam said.
"Deleveraging does not necessarily lead to slower economic growth. It depends on which approach we choose to lower the leverage," said Hu Xiaolian, chair of the Export-Import Bank of China at the Boao Forum for Asia, which concluded on Friday.
来源：资阳报