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China Orient Asset Management is one of the country's four asset management companies set up in 1999 to deal with the toxic assets of State-owned banks in a bid to help them transform to market-oriented financial institutions.
China CITIC Bank Corp Ltd witnessed a substantial improvement in asset quality last year. Its non-performing loan ratio fell 12 basis points year-on-year to 1.65 percent at the end of 2019, hitting the lowest point in the last four years.
China and the US have wide common interests and shoulder important responsibilities in safeguarding the world's peace and stability and promoting global development and prosperity, he said.
China Unicom and China Telecom, respectively the nation's second-and third-largest telecom operator, said they would join hands to build 250,000 5G base stations in the first three quarters of this year, finishing the year-end target in advance.
China and the CEE countries will make a stronger contribution to the Belt and Road Initiative by strengthening interconnectivity, international cooperation in industry and coordination of development strategies, said Pan Guangwei, executive vice-president of the China Banking Association, at a summit on frontier issues in the financial sector held by the Asian Financial Cooperation Association in Budapest, Hungary on Wednesday.
来源：资阳报