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BEIJING, China (Reuters) – Vanguard, the world’s biggest mutual fund, launched its first wholly-owned subsidiary on the Chinese mainland last week. The group’s chairman and chief executive officer William McNabb III said the move was aimed at a greater penetration of the Chinese market. Headquartered in Shanghai, the subsidiary will conduct business ranging from investment management, research to consultation in China. McNabb said they tend to achieve two things with the new company. One is […]
BEIJING, China (Reuters) – The Chinese mainland welcomes participation by Taiwan in the Belt and Road construction to share development opportunities, a mainland spokesperson told a press briefing on Thursday in Beijing. Spokesperson for State Council Taiwan Affairs Office An Fengshan, said that the cross-Strait communication and negotiation mechanisms have been broken off because of the Democratic Progressive Party’s refusal to recognize the 1992 Consensus. The mainland, however, still expects and welcomes the participation of Taiwan […]
