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Bai Zhenhua (right) and one of his colleagues lift cables on a street in Harbin, Northeast China's Heilongjiang province, on April 30, 2018. [Photo provided to chinadaily.com.cn]

BUSAN, South Korea - China and South Korea pledged here Saturday to further develop the relations between the two countries and uphold multilateralism as well as free trade.

Banks and mutual funds can now publish content and sell their own financial products in a newly unveiled function, the "Fortune Account", via Ant Fortune, the wealth management app of Ant, according to Fan Zhiming, president of the payment business unit at Ant Financial.

Based on ancient TCM prescriptions, and using raw materials selected worldwide, the company produces TCM products with a unique process and patent in an American good manufacturing practice, or GMP, factory, which helps promote TCM around the world and facilitate the internationalization of TCM, Xu said.

Based on Bain & Company's research, the drop in Chinese overseas M&A activities were caused by a number of factors including currency depreciation, concern over the global trade uncertainties, restrictions on investments in the United States, Germany, Australia and other markets as well as the careful monitoring on the outbound investment from Chinese government.