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BEIJING Patriots Jordan Richards Jersey , April 8 (Xinhua) -- Five brokerage firms in China have been given permission to pilot online securities business, marking the country's first official approval in the industry, Shanghai Securities News reported on Tuesday.
The brokers, having received approval letters from the Securities Association of China (SAC), include CITIC Securities, Guotai Junan Securities Patriots Malcom Brown Jersey , Pingan Securities, Greatwall Securities and Hua Chuang Securities.
Although no specific plan has been released to the public, the e-brokerage services are expected to cover online purchases, financial management and stock transactions.
Yu Fenghui, a seasoned stock analyst, told Xinhua that online securities will make opening accounts easier by allowing online registration Patriots Patriots Joe Thuney Jersey , which is expected to stimulate the country's bearish stock market.
An unnamed senior manager from Guotai Junan Securities hopes online services will help the company achieve overall restructuring and upgrading of sales channels, business functions, client management and transaction platforms.
Analysts said the pilot is a move by brokers hoping to step into the emerging online financial sector following the success of the country's most popular Internet financial product, Yu'ebao. The product has stirred the market by raising unprecedented capital from individual investors since it was introduced last summer.
The five brokers are not the first in China's securities world to expand their business online.
Sinolink Securities, joining forces with Chinese Internet giant Tencent, offered the sector's first online brokerage service Patriots Brandin Cooks Jersey , Yongjinbao, starting in February 2014. Yongjinbao promises low commission charges, quick account opening and consultant services.
Yu predicted the five brokers will likely adopt a similar approach by seeking cooperation with experienced Internet companies with established user bases.
Currently, China's brokerage firms are looking to expand to more lucrative services, such as assets management, instead of depending exclusively on commission fees.
Yu noted the brokers' qualifications are still subject to approval from the China Securities Regulatory Commission (CSRC) Women's Jordan Richards Jersey , though Yu expected they will be granted soon.
A spokesman from the CSRC said the regulator has not received specific details of the SAC's approval, but pledged monitoring of brokerages will not change and targeted measures will be rolled out soon to spur Internet finance.
BEIJING, Nov. 6 (Xinhua) -- With increasing international challenges, including fragmentation in free trade arrangements, China has always been vigrously promoting a regional free trade pact in the Asia-Pacific that is open, inclusive and beneficial to all.
China has on many occasions called for attentions to the diversity and difference in development levels of the economies in the region in a bid to avoid fragmental and exclusive deals.
It is also vehemently enhancing openness of its own economy and actively providing public goods embodied by the initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road (Belt and Road Initiative) and regional cooperative financial tools.
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At the APEC Economic Leaders' Meeting in Lima last year Women's Malcom Brown Jersey , Chinese President Xi Jinping urged the APEC economies to stay committed to pushing economic globalization forward, increasing openness of the Asia-Pacific economy, breaking bottlenecks in regional inter-connectivity and blazing new trails in reform and innovation.
Xi hailed the smooth completion of the collective strategic study on a Free Trade Area of the Asia-Pacific (FTAAP), which was launched at the 2014 APEC meeting in Beijing.
"We need to stick to our agenda and take more effective actions to realize the FTAAP at an early date, thus bringing about an Asia-Pacific economy with greater openness," said the Chinese president.
China's efforts to advance the broad trade deal across the Asia-Pacific was hailed by APEC Executive Director Alan Bollard.
The FTAAP Women's Joe Thuney Jersey , an idea around for some time, has received a big boost with the strategic study during China's hosting year in 2014, he said in a recent interview with Xinhua, ahead of the 25th APEC leaders' meeting to be held in Da Nang, Vietnam on Nov. 10-11.
Bollard has observed fallouts such as the United States moving out of the Trans-Pacific Partnership (TPP), as well as developments including progress in talks on Regional Comprehensive Economic Partnership (RCEP) with Chinese contribution.
The RCEP is a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations (ASEAN) and the six countries with which ASEAN has existing free trade agreements -- Australia Women's Brandin Cooks Jersey , China, India, Japan, South Korea and New Zealand.
The 16 RCEP participating countries account for almost half of the world's population, and contribute over a quarter of its exports and some 30 percent of global gross domestic product (GDP).
China is willing to, along with ASEAN Cheap Jordan Richards Jersey , push ahead talks on the RCEP, said Chinese Vice Premier Zhang Gaoli during a China-ASEAN expo in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, in September.
The Philippines, the host of a RCEP ministerial meeting in the same month, lauded China's efforts in pushing for concrete results in talks toward establishing the RCEP.
Philippine Trade Secretary Ramon Lopez said the Chinese delegation led by the minister and a vice minister of the Chinese Ministry of Commerce "have shown a strong cooperative attitude and strong support to the ongoing (RCEP) process."
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China has been a major proponent of multilateral free trade Cheap Malcom Brown Jersey , noted Jayant Menon, a leading economist of the Asian Development Bank (ABD), in a recent interview with Xinhua.
The China-proposed Be.