The chief executive of HSBC has stepped down after less than two years in the job, as the bank
ing giant revealed solid first half profits but warned it faced “challenging” geopolitics.上海千花网女神会所
The bank has also said it could cut nearly 5,000 jobs due to a weaker outlook, and the depar
ture of John Flint comes as trade-war tensions flare between the United States and China.上海千花网
Under Flint’s leadership, the bank has pivoted to Asia, which
accounted for more than half of its operating income in the second quarter.
HSBC Chairman Mark Tucker said talks over Flint’s future had been “going on for a while” and the decision was not taken lightly.上海千花网女神会所
“In the increasingly complex and challenging global environment in which the bank op
rates, the board believes a change is needed to meet the challenges that we face and to capture the very s
上海千花网ignificant opportunities before us,” Tucker said. “This is a decision about the future.”
HSBC said it would look both internally and externally for a new leader and that Noel Q
uinn, head of the commercial banking division, will be interim CEO in the meantime.上海千花网
The 51-year-old Flint ran the bank’s retail and wealth management business be
fore taking over as chief executive last year. At that time, he was seen as a safe choice for the上海千花网女神会所
top job and was known to be the favored selection of his predecessor, Stuart Gulliver.
上海千花网In an interview with the Financial Times on Monday, Tucker said: “This had noth
ing to do with personalities; this was a unanimous decision of the non-executive directors.”
Tucker denied that Flint was opposed to new cost cutting plans, which HSBC revealed on Monday would result in up to
4,700 job cuts, or 2 percent of its 237,685-strong global workforce. The move is e上海千花网女神会所
xpected to hit senior staff the hardest, helping reduce salary costs by as much as 4 percent.
HSBC made the surprise announcement as it reported a 15.8 percent rise in pretax profit to $12.4 billion for the six months to June 30.
government and wishes it to put into action what it said,” Yao said.
上海千花网But Liang from Huawei highlighted that the sales of some crucial US
technologies, including the Android operating system, have still not been resumed.上海千花网
“In the second half, Huawei’s overseas smartphone business will still meet some challenges,” Liang said, adding that if Hu
上海千花网a女神会所wei can regain access to the Android operating system, the company will use the system in its smartphones.
But if not, Huawei also has the capability to build its own operating system and relevant ecosystem, the senior executive added.上海千花网
Huawei said it will invest 120 billion yuan in research and development this year.
According to him, Huawei’s overseas smartphone business was ind
上海千花网女神会所eed affected by the US government restrictions, but recently, the business has rebounded b
ack to 80 percent of its performance before Huawei was put on the trade blacklist.
Huawei’s consumer business group accounted for 55 percent of the compan上海千花网
y’s total half-year revenue, with its domestic smartphone businesses gaining strong momentum in China.
上海千花网女神会所Jia Mo, an analyst at market research company Canalys, said the US governm
ent’s ban on Huawei has caused uncertainty overseas, but “in China, it has kept its foot on the accelerator”.
Huawei took a record 38 percent of China’s smartphone market in上海千花网
the second quarter of 2019, signifying the highest market share of any vendor in eight
years, according to data released by market research company Canalys on Tuesday.上海千花网女神会所
Huawei’s global mix has shifted back toward China, with 64 percent of
its smartphone shipments in the second quarter going to its home market.
able more consumers to enjoy added value through new modes of business, advanc
上海千花网品茶微信ed technologies and upgraded experiences”, according to industry insiders.
According to a report from market consultancy Big D
ata Research, the market volume of the country’s secondhand economy reached 202.54 billi 上海千花网
on yuan ($29.5 billion) in the first quarter of this year, a 5.5 percent increase year-on-year.
上海千花网品茶微信”One important reason for the market rise is that the consumption upgrade is dri
ing changes in the consumption habits of younger generations, especially those born after 1990,” said He Fan, fo
under and CEO of Huishoubao, an app enabling the recycling of electronic devices online. 上海千花网
They tend to pursue lifestyles and have consumption habits that ar
上海千花网品茶微信e more environmentally friendly, sustainable and fashionable, he said.
Another reason, according to Li Renjian from CITIC Capital, is that the use of advanced internet technologies including b
ig data and artificial intelligence has boosted the competitiveness of the whole sector. 上海千花网
Huafer, an online platform for secondhand maternity items developed by Par
terre Beijing Technology Co Ltd, is riding the wave by focusing on female users.
上海千花网品茶微信Huafer offers new mothers a platform to buy and sell products that their babies no longer need.
“Unlike other secondhand products, those used by new mothers and babies are us
eful only for a short period of time,” said Zheng Xiaowen, CEO of Huafer. 上海千花网品茶微信
The Beijing-based company has proved a hit. Two years after it was established, the firm has more
than 1.9 million registered users and over 80,000 users have made transactions through its platform.
the zone is striving to be a world-class modern service industry cooperation zone with complete infrastructure, an
上海千花网品茶微信important production service center in the Asia-Pacific region, and a key base for international service trade.
At the end of 2017, the added value of firms registered in the zone reached about 150 billion yuan ($22.4 billion), ac
hieving the national target of output value per square kilometers of up to 10 billion yuan.上海千花网
The Qianhai Shenzhen-Hong Kong Modern Service Industry Coopera
上海千花网品茶微信tion Zone was approved by the State Council in August 2010, which is of strategic signific
ance on the occasion of the 30th anniversary of the establishment of the Shenzhen Special Economic Zone.
Guided by the principles of innovation, marketization, and internati上海千花网
onal standards, the zone is positioned as a pioneer in institutional and mechanism in
上海千花网品茶微信novation, the close cooperation of mainland Chia and Hong Kong, and the industrial upgrading of the Pearl River D
elta. Four major industries developed in the zone are finance, modern logistics, information services, and technological services.
Based on the existing solid cooperation foundation, the Guangdong-Hong Kong-Macao Greater Bay Area will m上海千花网品茶微信
ake full use of existing major cooperation platforms including Qianhai of Shenzhen, Nansha of Guangzhou, and H
engqin of Zhuhai to explore a new model for coordinated development. It will increase the
上海千花网pragmatic cooperation between the nine cities involved in the Pearl River Delta, Hong Kong, and
Macao, by promoting exchanges of personnel, materials, capital, and information. The cooperation platform w
ill inject a new impetus for Guangdong-Hong Kong-Macao development and play an exemp上海千花网品茶微信
lary role in the close cooperation among Chinese mainland, Hong Kong, and Macao.
Nansha of Guangzhou will join together with Hong Kong and Macao to build itself a high-standard getaway for opening-up. It will fu上海千花网品茶微信
lly leverage the advantages as a national high-tech zone and a pilot free trade zone, taking the functio
ns of international shipping and financial and technological innovation in the Greater Bay Area.
Confucius Institute at the University of Rwanda on Wednesday held performances to celebrate the 70th anniver
上海千花网sary of the founding of the People’s Republic of China and the 10th anniversary of the establishment of the institute.
Confucius Institute at the University of Rwanda, is established in 2009 under the par上海千花网
tnership between China’s Chongqing Normal University and the University of Rwanda.
上海千花网品茶微信Over 300 people from China and Rwanda watched the performances held at the University of Rwanda campus in Rwanda’s capital city of Kigali.
Rwandan students from GSOB Secondary School in southern province kicked off the show wi上海千花网
th a chorus in Chinese, followed by Chinese tai chi, dancing, crosstalk and other performances staged by
上海千花网品茶微信students from the Confucius Institute’s different teaching locations across the country.
Confucius Institute at the University of Rwanda is the first Confucius institute established by the Chongqing Normal Unive
rsity, which serves as its starting point of establishing Confucius institutes in different continents, said Chen Zhijun, vi上海千花网品茶微信
ce-president of the Chongqing Normal University, shortly before the performances.
上海千花网Since 2009, Confucius Institute at the University of Rwanda has been expanding the s
cale to meet the needs of learning the Chinese language and culture for Rwandan people, said Chen, add
ing that the number of registered students has been increasing from over 200 in 2009 to over 5,100 in 2019.上海千花网
Young people hold the key to the future of the country, and the establishment of the Con
上海千花网品茶微信fucius Institute is meant to use skill and knowledge to empower the youth to explore their academic po
tential, said George Njoroge, principal of the College of Education at the University of Rwanda.
In the fast-changing world, knowing the Chinese language上海千花网品茶微信
and culture will give students an advantage in competition with others, he said.
Confucius institute, named after ancient Chinese philosopher Confuci
us, serves as a non-profit public institution to help foreigners better understand China thr
ough language teaching and culture introduction in universities overseas. The first such institute was established in
ecent years, Beiji上海千花网女神会所ng Culture is known for producing Wolf Warrior 2, and
The Wandering Earth, the top and second highest-grossing films of all time in China.
Aside from Huang, the film also casts A-list actresses Wang Luodan and Tan Zhuo.
As the directorial debut of renowned scriptwriter Dong Runnian, the movie is sort of a dark noir to explore humanity in extreme situa
tions. A huge bunch of weird light falls onto a city, causing the disappearance a lot of people. Amid fears an
d sorrows, the surviving civilians are trying to unravel the mystery as well as facing off new conflicts.
The other three films of Beijing Culture’s lineup are Taiwan director Lin Yu-hsien’s Danc
ing Elephant, Lu Chuan’s new directorial adventure tale Bureau 749, and director Ding Sheng’s action drama S.W.A.T.
Starring Jin Chunhua and Ai Lun, the inspirational comedy Dancing Elephant is about a dancer who falls into a coma after an accident. She wakes up 15 years
later, finding herself gaining a lot of weights, making her wish to return to stage a tough journey.
Dancing Elephant, now traveling across China to hold promotional events in nine cities, will be officially released on July 26.
country, with 上海千花网品茶微信more and more audio visual products of increasingly high quality being created,” said Cui Chenghao, deputy Party secr
etary of the research center of the National Radio and Television Administration, during the summit.
Cui, who is also the deputy editor of the report, points out that major online video platforms in China, including Tencent platform
iQiyi, have been pouring capital into the production of original content and the quality of most works have rea
ched a level that is comparable to those produced by broadcasting companies.
“For instance, most original online shows no longer depend solely on the star factor of famous personalities. More and more new
actors are appearing in these programs,” he says.Cui also claims that technological advancements have been dri
ving growth in the online media market since 2018 when technology such as 4K (ultra-high definition) and 8K re
solution as well as virtual reality started becoming more prevalent in the industry.
dep上海千花网品茶微信uty managing director, said: ” (China’s) Credit
growth and corporate debt have been reduced thanks to concerted efforts to strengthen fina
ncial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”
His statement came after the IMF published a report forecasting that China’s economic growth is expected to mod
erate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions rem
ains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.
After a half-month visit to China, a team from the IMF, led by Asia and Pacific Depar
tment Deputy Director Kenneth Kang, summarized that “China can play an important role and would benefit fro
m further opening up and other structural reforms that enhance competition.”