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4th plenary session of CCP 19th Central Committee rolled out deeper reform and further open-up measures. “Open-up”, a key word for China’s future development, appeared 24 times in President Xi Jinping speech at #CIIE. China will create 3 opportunities for #ChinaUK #ChinaEU co-op.pic.twitter.com/AlZsAGWBNs
First opportunity comes from open co-op. China will open its market wider, put more emphasis on import and foster a market-oriented and law-based business environment. #ForeignInvestmentLaw will come into force on 1st Jan. 2020 and open-up of financial sector will be accelerated.pic.twitter.com/cZ9vGCAcys
Second opportunity arises from innovation. With respective strength in S&T innovation, #ChinaUKEU should seize the opportunities of wide application of digital technology, internet and smart tech to enhance co-op on innovation in block chain, inclusive finance and green finance.
Third opportunity comes from shared development. China has signed 197 documents with 137 countries and 30 intl organisations on building #BRI. #ChinaUKEU could enhance co-op in banking, investment, financing, insurance and asset management under BRI projects in third markets.
A week ago, Chinese Government issued #4bnEuro-denominatedSovereignBond in Paris -- the first euro-denominated Chinese sovereign bond in 15 years and the largest-ever single issue of foreign-currency-denominated sovereign bond by China. I am glad it was listed on LSE yesterday.
#4bnEuro-denominatedSovereignBond reflects the importance China attaches to the European financial market. It sends a message to the international market, especially to European investors, that China will open up at a higher level on all fronts.
A Chinese adage goes,“A wise man changes as time and event change.” British people say, “A wise person always seizes the opportunity and turns it into a better future.” The French says, “You have to know how to take advantage of the backwind as long as it blows in the sail.”pic.twitter.com/FXnylCK2sO
The wise men of all our countries taught us to seize the opportunities. We should follow their advice, shore up confidence and enhance cooperation. Working together we will build a more productive #ChinaUK and #ChinaEU partnership and a better future for #worldeconomy.pic.twitter.com/tSPtvYdaJG
Just say it clear! Reforms for deeper surpression of Hong Kong
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