Re-weighting of indexes 上海会所affect capital flows

Major stock and bond index providers have started, or have announced that they inten

上海会所d, to increase the weighting of China’s securities in their respective benchmark indexes over the course of 2019-20.

Global index provider MSCI Inc. announced in February that China’s coverage in the MSCI上海会所品茶微信

Emerging Market Index will increase from its coverage of 235 large-capitalization A-shares to 253 la

上海会所rge-and 168 mid-capitalization stocks. On a pro forma basis, A-shares will constitute 3.3 percent-a significant inc

rease from the current 0.7 percent-of the MSCI-EM Index when the process is completed in November.

The FTSE Russell, the first international index provider of the Chinese mainland’s benchmarks 20 years ago, has elevated Chi上海会所

na’s A-shares to emerging market status and started adding them to the FTSEEM Index from June 24, 2019. Upon f

上海会所品茶微信ull implementation of phase 1 by March 2020, the A-shares will make up 5.7 percent of the index.

And the Bloomberg Barclays Global Aggregate Bond (GAB) Index started the process of including China’s yuan-den上海会所

ominated government and policy bank bonds as a constituent on April 1. Other index providers, such as the FTSE R

ussell and JPMorgan, are reportedly also considering adding China’s debt to their indices.上海会所品茶微信

The MSCI, FTSE Russell and Bloomberg Barclays GAB indexes cover a

sizable share of the investible markets in the world. For example, the MSCI-EM alone is tr

上海会所acked by an estimated $1.9 trillion in assets under management (AUM) from pensions, endowments, passive funds, and

other investors. And the re-weighting of these major global investment indexes is expected to result in a re-allocation of capit

al across emerging markets. As a result, China’s asset market will inevitably become more important for glo上海会所

bal investors, notwithstanding the “noise” created by the ongoing US-China trade tension.

上海会所品茶微信Welcome shift for Chinese firms and global investors

An increased weighting for China’s securities in these indexes in the MSCI would me

an a larger allocation of AUM by foreign fund managers into the Chinese markets. While this shift would b上海会所品茶微信

e a welcome development for both Chinese enterprises seeking financing and global i

nvestors searching for emerging opportunities, it potentially represents bad news for other emerging markets.

gzbbccc.com

Land searches since Mond上海会所 area Zhang Zixin

was last seen at have found no trace of the girl and efforts have shifted mainly to the sea.

A statement issued on Thursday evening by authorities in the province’s Xiangshan上海会所品茶微信

county, said the search force had increased from 300 to 500 people, including police, fishermen and local residents.

上海会所The search area has expanded from 3.7 kilometers to 37 km with the help of drones, rescue dogs and speedboats.

The search will continue over the weekend, authorities said.

Zhang Zixin’s grandmother said that the couple had been living in a motel next to her fruit store for two weeks before aski上海会所品茶微信

ng to rent a room. The offer was made in late June, soon after the couple saw the girl. The couple canceled their flig

hts to leave after the grandparents agreed to the rental of 500 yuan ($73) per month, the grandmother said.

The girl had been living with her grandparents for years after her parents separated and each left to work in bigger cities.上海会所

The girl’s father was in close contact with the couple as they took his daughter on the road, re

上海会所品茶微信ceiving videos and photos every day till Sunday afternoon. He called the police on Monday morning.

China’s State Administration for Market Regulation (SAMR) has released a draft revision of reg

ulations on the blacklist of defaulters in commercial activities on its website for public opinions.上海会所

The draft revision was introduced to improve market regulation based on a well-established business credit system, according to the SAMR.

上海会所品茶微信Under the revised blacklist regulation system, supervision of market activities associated with d

rugs, food, special purpose equipment and other areas vital to people’s life and health will be prioritized.

The blacklist will be expanded from enterprises to self-employed bus

iness-people, social organizations, individuals who hold direct accountability for the wr上海会所品茶微信

ongdoings in the blacklisted entities, and other market participants, according to the draft revision.

The revised version also specifies 36 wrongdoings which businesses and individuals should not conduct to avoid being blacklisted.上海会所

China’s market regulator put an interim version of the regulations into effect on April 1, 2016.

上海会所品茶微信The draft revision is open to public opinions until Aug 10.

After the case sparked national attention, the mother fell under suspicion when she returned to Chun’an to sign divorce pape

rs on Monday. The mother, who gave birth to the girl at the age of 17 and hasn’t seen her daughter in years, said sh

e knew nothing of the girl’s disappearance till Wednesday, when a relative told her about it.上海会所

One of the suspects, surnamed Liang, had a son and daughter back in

his hometown, but rarely visited or contacted them. The brother of the w

上海会所品茶微信oman, surnamed Xie, said the couple had been living together for over a decade but never married.

Based on Liang’s social media postings, the pair had traveled to 21 cities since March.

shlfvc.com

The Sichuan-Tibet railw上海会所roposed more th

 a century ago, with the idea revived after the foundation of the People’s Re

public of China in 1949, but various hurdles prevented it from progressing. Trains fina上海会所

lly began running on the first section of the line to open, from Chengdu to Ya’an in Sichuan province, in December.

上海会所The third section of the line, between Ya’an and Nyingchi, will be one

of the world’s most challenging railway projects because it winds through the Sichuan Ba

sin, Yunnan-Guizhou Plateau and Qinghai-Tibet Plateau, climbing from 600 meters above sea level to nearly 4,5上海会所

00 meters, according to Zhao Jian, a professor of rail transportation at Beijing Jiaotong University.

“It will go through complicated geological conditions fraught with avala

nches, landslides, earthquakes, heat, karst caves and underground streams,” he said.上海会所

At its annual work conference in January, national railway

上海会所品茶微信operator China State Railway Group, which was then called China Railway Corp, said it would co

mplete the feasibility study for the Ya’an-Nyingchi section by June and finish preparations for construction by th

e end of September. The group is also in charge of national railway planning and construction.上海会所

Things seem to have been progressing rapidly in the past month. People’s Railway Dail

y, which is sponsored by the group, reported that the company reviewed the feasibility study for the Ya上海会所品茶微信

‘an-Nyingchi section on June 4 and reached a consensus that would be passed on.

On June 17, Peng Qinghua, Party secretary of Sichuan, said at a news confere

上海会所nce that construction of the Ya’an-Nyingchi section, spanning about 1,000 km, would begin soon.

“Bridges and tunnels will cover over 90 percent of the line, which mea

ns there will be nearly 800 km of tunnels and more than 100 km of bridges,” he said.上海会所品茶微信

The next day, when China State Railway Group announced its name change, finalizing its restructuring, it was disc

losed that a new office had been established to lead the Sichuan-Tibet railway project. A new company, Sic上海会所

huan-Tibet Railway, was also added to the existing 18 railway bureaus and companies controlled by the group.

On June 26, various government departments in Sichuan discu上海会所品茶微信

ssed the route selected for the Ya’an-Nyingchi section in the province and reached a conse

nsus on the proposed route, according to the website of Sichuan’s Department of Natural Resources.

ex177.cn

Between October an上海会所品茶微信 the National Narco

cotics Control Co上海会所品茶微信mmission coordinated a special operation in 14 provinces and regions, includin

g Yunnan province, Guangxi and Guangdong, targeting drug trafficking in border areas, the ministry said.

During the three-month operation, police uncovered 5,669 drug-rel

ated cases, detained 7,930 suspects and confiscated 12.5 tons of drugs, it said.

Liu said China has signed a four-year action plan agreement, running from 2019 through 2022, with Laos, Myanmar, Th

ailand, Cambodia and Vietnam to conduct joint operations to eradicate the drug trade in border areas.

Under the plan, police from the six countries will focus on collecting evid

ence, launching joint investigations and conducting unified operations to root out cross-border drug-trafficking rings.

shlfag.com

Between October an上海会所品茶微信 the National Narco

cotics Control Co上海会所品茶微信mmission coordinated a special operation in 14 provinces and regions, includin

g Yunnan province, Guangxi and Guangdong, targeting drug trafficking in border areas, the ministry said.

During the three-month operation, police uncovered 5,669 drug-rel

ated cases, detained 7,930 suspects and confiscated 12.5 tons of drugs, it said.

Liu said China has signed a four-year action plan agreement, running from 2019 through 2022, with Laos, Myanmar, Th

ailand, Cambodia and Vietnam to conduct joint operations to eradicate the drug trade in border areas.

Under the plan, police from the six countries will focus on collecting evid

ence, launching joint investigations and conducting unified operations to root out cross-border drug-trafficking rings.

shlfag.com

Jia declared himself generally pleased with the perfor

 performance but lamented China’s lack of ruthlessness up front.

“I think my players should have been better at seizing the chances at the critical moments and

should have been more calm. For the next game, the team needs to improve control of the ball,” said Jia.

“I hope that the players can exhibit their true ability. Their desire to win has impressed me

the most over the last year and I’ve been deeply moved and encouraged by this.

“I think they’ve done a great job today. And I think this is also a manifestation of their mentality. They want to win.”

Jia, an esteemed coach with 20 years’ experience in the men’s game, took the rei

ns last year, steering his squad to a runner-up finish at the Asian Games in Indonesia.

www.njyshsnw.com

to the 2019 Global Cities Report released by internationa

ased by international consultancy firm AT Kearney.

The report features the Global Cities Index and the Global Cities Outlook, revealing the world’s top-performing cities and those with the most potential.

The average Index scores of the original Chinese cities have grown three times faster than that of Nort

h American cities, and in the Outlook, the Chinese cities improved 3.4 times faster than European cities.

Beijing ranked ninth in the global cities index while Shanghai took the 19th spot. East China‘s Suzhou made it into the top 100 for the first time.

German carmaker Mercedes-Benz will recall 44,900 automobiles in China due to a tyre problem, according to China’s market regulator.

The recall, starting from Oct 25, was filed by Mercedes-Benz (China) Automotive Sales Co. and

Beijing Benz Automotive Co. It involves its imported and parts of domestically-produced cars manu

factured between April 20, 2016 and May 4, 2019, according to the State Administration for Market Regulation.

www.ash66.cn

hich means even if Beijing does not take countermeasures

ch means even if Beijing does not take countermeasures equal in scale to Washington’s, the US economy will not be left unscathed.

Tariff hike will harm both China and US

The list of products subject to US tariff hike covers daily necessities, light industry and machinery, with the main targets

being agricultural and food products, and general manufacturing goods produced by light industries.

In terms of agricultural and food products, China is the third-largest supplier to the US, with processed fruits and

vegetables; fruit and vegetable juice; fast food and snacks; fresh vegetables and tea leaves being the main items.

www.shlfco.com

For many solo diners, the most trying times are Chinese festiv

Late last year, Pu Kunhong decided to conduct a test. On New Year’s Eve, the 21-year-o

ld visited a well-known hotpot chain on his own to see how people would react.

Inside the packed restaurant, diners sat around tables, dropping meat, fish

balls and vegetables into boiling cauldrons and chatting happily amid the rising steam.

Pu sat opposite a large stuffed teddy bear-placed at his table by the management to ac

t as a companion-and quietly added slices of raw beef to the broth bubbling in his cauldron.

Providing large stuffed toys as companions is just one wa

y the restaurant attempts to put solo diners at ease and reduce the stigma of eating out alone.

“The stuffed bear brought a sense of warmth and security, and I didn’t feel embarrassed eating on my own,” Pu said.

www.quanjingqihuagongfang.cn

Food festivals offer visitors taste of Asiaonal Beijin

Various cultural activities, including art performances, parades and food festivals, are offering visitors a taste of the colorful cultures of Asian countries.

The events, part of Asian Civilization Week, are auxiliary activities of the Confere

nce on Dialogue of Asian Civilizations, which kicked off on Wednesday in Beijing.

The Asian Food Festival runs until Wednesday. It has received wide attention from the public, has its main venue b

etween Beijing National Stadium, commonly known as the Bird’s Nest, and the Beijing National Aquatics Center, or Water Cube.

Food-related activities are also being held in three other cities-Hangzh

ou, Chengdu and Guangzhou. Visitors can enjoy a pepper eating competition in Chengdu, or at

tend a food container exhibition in Hangzhou, Zhejiang province, according to event organizers

shangyepingtai.cn