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China announced new measures over the weekend to further open its financial sector, with the liberalization extended to several new business areas. Foreign asset managers will be allowed to take controlling stakes in wealth management joint ventures with the subsidiaries of Chinese commercial banks and insurers. Foreign companies are also allowed to own stakes in pension fund managers and currency brokers. The latest policies also involved deregulation in bond underwriting and credit rating businesses.
China Mobile Communications Corp, the world's biggest telecom carrier by subscribers, said in May that it would step up efforts to build key cross-border optical fiber cable projects to link China with neighboring countries, including Myanmar, Nepal, Pakistan and Kyrgyzstan.

China Broadway Entertainment brought Chinese audiences the musical The Secret adapted from Chinese pop star Jay Chou's work last December. It's currently enjoying a successful run in China.
China aims to build a 5,500-km Trans-Asia Railway, which begins in Yunnan's provincial capital Kunming and wends its way through Laos, Myanmar, Thailand, Vietnam, Cambodia and Malaysia before terminating in Singapore, Li said.
China Merchants Bank saw a 12.69 percent year-on-year growth in operation and administration fees, rising to 38.16 billion yuan in H1. This was mainly due to the bank's transition to a 3.0 digital operation model to promote the implementation of fintech strategies, according to the bank's half year report.
来源:资阳报