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As the Chinese economy adjusts to a "new normal", international financial institutions are facing a series of external challenges-from economic restructuring to low interest margins and digitization. On the other hand, these trends also present opportunities to the entire banking industry, Lam said.
As the city strives to enhance its core functions and accelerate the construction of five centers - an international economic center, a financial center, a trade center, a shipping center and a science and technology innovation center - it creates a vast demand for cross-border legal services. "But the challenges are as enormous," Zhang said.

As the railway construction of the China-Mongolia-Russia Economic Corridor and various land channels to many member countries of the Association of Southeast Asian Nations have gradually formed, Su said they will not only further stimulate trade and investment activities among themselves, but also boost the development of multimodal transportation with more economies related to the Belt and Road Initiative.
As the market is getting increasingly fierce both in China and abroad, the US firm said it tends to focus on a strategy of "product-first" to gain a lead.
As the anniversary of the reform initiative is marked, China, which became a member of the World Trade Organization in 2001, is continuing to open up its economy.
来源:资阳报