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China Re Hong Kong is the first domestic insurance company approved to be established in Hong Kong since the establishment of the China Banking and Insurance Regulatory Commission. The company will develop the functions of risk management, technology advancement and financing in the scope of life reinsurance, as well as the "Belt and Road Initiative", and the construction of Guangdong-Hong Kong-Macao Greater Bay Area, so as to contribute to the prosperity and development of the insurance industry in Hong Kong and the Chinese mainland.

China also extended finance and medical help after cyclone Idai hit Mozambique in March.

China United Airlines, a wholly-owned subsidiary of China Eastern Airlines, announced on Friday it will transfer operations to Beijing Daxing International Airport ahead of the airport's official opening, which is expected to be no later than Sept 30.

China Investment Corp, China's sovereign wealth fund, has expressed a desire to invest in the domestic market as stock valuations have hit multiyear lows, underscoring how coming home could bring new opportunities to boost returns.

China and Africa, which concluded a historic summit on Tuesday, are developing a "new form of multilateralism" to build their shared future, said a renowned European scholar on Thursday in Beijing.