(Yicai Global) July 20 -- COVID-19 will be an accelerator for the second phase of globalization, which will be characterized by regionalization, service orientation and digitization, Jeongmin Seong, Partner of McKinsey Global Institute, predicted.

(Yicai Global) July 20 -- Chinese commercial banks, above all large state-backed ones, absolutely prioritize social responsibility above commercial benefits, said Zhang Xinyuan, Deputy General Manager, Bank of China Shanghai Branch, adding the caveat that they must also ensure shareholders' interests.

(Yicai Global) July 20 -- The crisis has revealed the need for global cooperation, France's Former Prime Minister Jean-Pierre Raffarin said at the High-Level Dialogue of the Hongqiao Forum, adding, "We need cooperation, rather than opposition."

(Yicai Global) July 15 -- An integrated global network is key to a successful post-Covid-19 rebound, CEO of L'Oréal China Fabrice Megarbane said. This year marks the French cosmetic giant's third participation in the CIIE, and it will work with Chinese partners to showcase their co-creations, he continued.

(Yicai Global) July 12 -- Changes in global industrial chains did not begin today or after Covid-19, said Wang Xinkui, Chairman of Shanghai World Trade Organization Affairs Consultation Center. The pandemic will not fundamentally reshape economic globalization, he added.

(Yicai Global) July 7 -- Lenovo can minimize its losses from the Covid-19 pandemic through globalization and intelligentization, said its Senior Vice President and CMO Qiao Jian. Globalization is irreversible and global demand drives supply not only in China, but also around the world, she added.

(Yicai Global) July 7 -- Centering on stabilizing the global industrial and supply chain, the High-Level Dialogue of the Hongqiao Forum held on June 10 in Shanghai brought experts and scholars from home and abroad together to discuss the risks and challenges COVID-19 poses.

(Yicai Global) Aug. 19 -- Major Chinese mainland indexes all dipped in the morning as insurance stocks failed to sustain their virtuoso performance of yesterday.

The Shanghai Composite Index fell 0.19 percent to 3,444.56, while the Shenzhen Component Index dropped by 0.20 percent to 13,741.27. The ChiNext index, which tracks growth enterprises listed in Shenzhen, opened 0.19 percent lower at 2,695.89.

Shipping and fentanyl led the charge, while stocks related to Huawei’s chip maker HiSilicon and Beijing ByteDance Technology were among the biggest losers.

Editor: Ben Armour

(Yicai Global) Aug.18 -- China’s three main indexes all closed higher today despite dipping earlier in the day, with agricultural stocks leading the gainers in the last furlong.

The Shanghai Composite Index rose 0.36 percent to 3,451.09 with a trading volume of CNY493 billion (USD71 billion), while the Shenzhen Component Index grew 0.19 percent to 13,768.17 on CNY597 million (USD86 million) in turnover. The ChiNext, which tracks growth enterprises listed in Shenzhen, climbed 0.17 percent to 2,701.06.

The food processing and gold sectors were also among the biggest winners, while chips and airlines were the worst performers.

Editor: Ben Armour

(Yicai Global) July 13 -- Marketing research firm Unique Capital and industry partners have set up the ‘Unique Awards’ to seek out outstanding players in China’s burgeoning MarTech sector, an emerging field in business marketing that harnesses the strengths of new technologies such as Big Data, cloud computing and artificial intelligence.

Intelligent digital marketing technology can help companies respond quickly to crises, such as in the case of the Covid-19 pandemic which changed the behavior and consumption habits of consumers.

The digital transformation of the marketing industry was previously hampered by lack of funding and talent. These issues are gradually being resolved. Last year the sector raised CNY11.21 billion (USD1.6 billion) through 104 instances of financing.

Shanghai-based Unique Capital, which serves as an innovative service platform focused on industry digitalization, has been a close observer of the development of Martech in China. It organized the 2019 MarTech Capital Annual Conference, the 2019 China MarTech Industry Investment and Financing Report, the 2019 China MarTech Industry Map and other related activities.

The new awards will help to promote the overall and rapid development of the country’s MarTech sector by sharing examples of companies’ progress. Learning existing and projected industry cases can help firms speed up their digital transformation.

Judges include Liao Ming, visiting professor of business and economics at New York University Shanghai, Zhu Jianqiu, chief executive of cloud computing software firm Zhiziyun and Min Jie, founder and CEO of Yijir Technology, as well as other tech leaders, renowned investors, famous scholars and media alliances.

The winners will be announced at the end of the month.

Editor: Kim Taylor