China to Diversify Offshore Bond Issuance After Green Debut
China is looking to diversify its offshore debt program and make sales more regularly to tap international investors, following hefty demand for its debut green bonds.
'We'll think about expanding the issuance location and also the currency combination of our sovereign bonds, including green bonds and regular sovereign bonds,' said Liao Min, vice minister of the Chinese ministry of finance. Officials are also discussing 'how to make issuance in the future on a more regular basis,' he said in response to Bloomberg News questions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
an hour ago
- UPI
Tesla fires VP of manufacturing Omead Afshar amid declining EV sales
June 26 (UPI) -- Tesla CEO Elon Musk fired the carmaker's vice president of manufacturing and operations following a falloff in auto sales in the nation's largest markets this year. Omead Afshar oversaw more than six upper-level employees in the company, including Troy Jones, Tesla's vice president of sales in North America, and Joe Ward, vice president of the Europe, Middle East and Africa region. The firing was first reported by Bloomberg News. Afshar is the second high-level employee to leave the company recently. His termination follows the resignation of Milan Kovac, who was the company's head of its Optimus humanoid robotics program. Kovac said in a post on X that he was leaving Tesla to spend more time with his family. Musk later thanked Kovac publicly for his time with the company. In 2022, Afshar was the subject of an internal investigation at Tesla that focused on his involvement in trying to secure construction materials for a secret project for Musk that included hard-to-get glass. Prior to his job as Tesla vice president, Afshar worked for SpaceX, Musk's aerospace company. Afshar's X account, which had not been updated, said he still works for Tesla, and he praised Musk for his leadership and work ethic following the launch of the company's Robotaxi service in Austin, Texas. "Thank you, Elon, for pushing us all," Afshar wrote. Tesla's stock price has dropped 19% this year, and took an especially hard hit following Musk's association with President Donald Trump, who appointed Musk to oversee the Department of Government Efficiency. DOGE took a broad and aggressive approach to eliminating federal employees, downsizing federal agencies and ending diversity, equity and inclusion programs at some of the nation's largest companies and universities. The company sold fewer cars in 2024 than it did in 2023, the first time sales dropped since Tesla began mass producing EVs. Its profits fell 71% in the first quarter of 2025. European sales dropped 28%, and dropped for a fifth straight month in May. The European Automobile Manufacturers Association said buyers are shifting to cheaper Chinese models.
UPI
2 hours ago
- UPI
China, U.S. confirm trade deal framework reached
President Donald Trump speaks during the "One, Big, Beautiful Event" in the East Room of the White House in Washington, D.C., on Thursday, June 26, 2025. During the press conference, Trump remarked that a trade deal has been signed with China. Photo by Ken Cedeno/UPI | License Photo June 27 (UPI) -- The United States and China have reached a trade deal, China's Commerce Ministry confirmed in a statement on Friday. The confirmation comes hours after U.S. President Donald Trump on Thursday remarked during a press conference that "We just signed with China yesterday," without further explanation. He was speaking about trade deals with foreign nations and said one with India may be on the horizon. The statement from Beijing said the two sides held trade talks in London on June 9 and 10 and they "reached a principled agreement on a framework" for a deal that will see China approve export applications for controlled items, while the United States will lift what it called "a series of restrictive measures previously imposed on China." The meetings in London were held following a phone call between Chinese leader Xi Jinping and Trump on June 5. Specifics of the trade deal were scant, and it was not immediately clear which restrictive measures were being referred to nor what export applications were to be affected by the deal, as both Beijing and Washington have imposed restrictive commerce controls on one another amid a trade war that began in February when Trump imposed a 10% fentanyl-related tariff on Chinese goods that he then doubled to 20%. He then followed with additional tariffs that added up to 145%, which China retaliated against with tariffs of its own with a 125% levy against U.S. imports. Last month, the two countries agreed to a 90-day pause to allow more time for negotiations, which saw U.S. tariffs on Chinese goods drop to 30% and Chinese tariffs on U.S. goods decrease to 10%. This is a developing story.
Business Upturn
2 hours ago
- Business Upturn
Ant Group Launches AI Healthcare App AQ Amid Push into Healthcare Sector
By Business Wire India Published on June 27, 2025, 11:12 IST Hangzhou, China: Digital leader aims to capture rising cross-generational demand for public and private healthcare services amid demographic shift and urbanization trends. The launch of AQ enhances Ant Group's comprehensive suite of AI solutions for healthcare, enabling medical institutions and doctors to offer more efficient, accessible, and personalized services. Ant Group today launched its AI healthcare app, AQ, to accelerate the company's entry into the healthcare sector. The app helps users manage their daily healthcare needs with over 100 AI-powered services, including doctor recommendations, medical report analysis, and personalized medical advice. It also connects users to digital services from over 5,000 hospitals and nearly 1 million doctors across China. This press release features multimedia. View the full release here: Ant Group launched the AI healthcare app AQ to accelerate its entry into the healthcare sector By around 2035, over 400 million people, or more than 30% of China's population, will be aged 60 or older, according to projections from China's National Health Commission. This demographic shift is expected to significantly increase healthcare demand in the country. 'Ant Group hopes that through AQ, it can provide everyone with a trusted healthcare manager, advancing inclusive healthcare and bringing every Chinese citizen one step closer to a healthier life,' said Cyril Han, CEO of Ant Group. The AQ app is powered by Ant Group's Healthcare Large Model, which draws on over a decade of expertise in the healthcare sector. Since 2014, when Ant Group launched its first online hospital appointment-making service on the flagship Alipay digital platform, the company has been supporting the digital and intelligent transformation of China's healthcare industry. The Healthcare Large Model, equipped with advanced medical reasoning and multimodal interaction capabilities, has consistently ranked in first place in the HealthBench and MedBench evaluations. Furthermore, it leverages Ant Group's leading privacy and security technologies to ensure a safe and reliable experience. Through this model, Ant Group is empowering medical institutions and doctors to offer more efficient, accessible, and personalized services to users with AI-enabled solutions. Empowering Medical Institutions with Secure and Efficient AI Integration Healthcare Large Model Integration In March 2025, Ant Group collaborated with IT industry leaders to integrate its advanced healthcare large model into various types of All-in-One Large Model Machine for Healthcare. This solution allows hospitals to deploy AI models on-premises, ensuring efficient and secure use of AI to optimize daily operations and improve patient services. AI Assistant for Hospital Services Ant Group is also helping hospitals develop user-facing applications. Angel, an AI agent developed in collaboration with public medical institutions in China's Zhejiang Province, has served over 1,000 medical facilities, handling more than 50 million user interactions. AI Medical Insurance Assistant Additionally, Ant Group has supported local basic medical insurance institutions across China in developing Yibaoer, an AI agent designed to assist users with medical insurance-related inquiries. AI-Assisted Diagnosis and Patient Education: Extending Doctor Capabilities Beyond Time and Place Constraints AI Doctor Assistant In January 2025, Ant Group completed the acquisition of Haodf, a leading healthcare platform specializing in online doctor consultations. Together, the two sides launched the AI Doctor Assistant, which supports doctors with AI-assisted diagnosis, medical record management, and patient education. AI Doctor Agents Ant Group is also collaborating with nearly 200 prominent doctors in China to develop AI Doctor Agents that provide patients with credible, authoritative healthcare advice and medical guidance. This initiative not only empowers individuals to maintain better health but also supports those with limited access to medical resources, ensuring timely, expert care when it's needed most. Through these ongoing initiatives, Ant Group is contributing to the more efficient use of limited medical resources, with the aim of supporting greater medical inclusion. About Alipay As the world becomes increasingly digital, Alipay has evolved from a trusted e-wallet into an all-in-one digital platform for daily services, connecting more than one billion consumers to over 80 million merchants across China. Alipay offers users a secure, seamless mobile payment experience and integrates over 10,000 services across sectors like travel, healthcare, tourism, and entertainment. With digital tools like Alipay Tap!, mini-programs, lifestyle accounts, Alipay enables merchants, institutions, and independent software vendors (ISVs) to enhance operational efficiency and effectiveness. In addition, Alipay is developing a new AI-driven open platform by integrating AI agents to deliver smarter, more personalized services to its users as well as facilitating the digital transformation of the service sector. About Ant Group Ant Group is a global digital technology provider and the operator of Alipay, a leading internet services platform in China, connecting over one billion users to more than 10,000 types of consumer services from partners. Through innovative products and solutions powered by AI, blockchain and other technologies, Ant Group supports partners across industries to thrive through digital transformation in an ecosystem for inclusive and sustainable development. For more information, visit View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
