China s securities regulator recently sent feedback to Citi regarding its application to establish a wholly foreign-owned securities unit in China. Analysts said that judging from the recently disclosed approval progress, such an entity may be approved.
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Nine Chinese departments including the Ministry of Commerce said on Wednesday that they would actively help enterprises in the new-energy vehicle (NEV) sector respond to foreign trade restrictions, while guiding industry associations and companies to collaborate with international counterparts, according to a jointly released opinion.
China overtook Japan as the largest auto exporter in 2023, a milestone for the internationalization of China s vehicle industry and bright spot in China’s economic growth.
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