Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the esta
blishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.
With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, whic
h is still waiting for regulatory approval, may become China’s first commercial lender in which a for
eign shareholder has a controlling interest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.
Drawing on the experience of ING Bank in the successful development of direct ba
nking services, the joint venture will build a brand in the area of digital banking with the help of financial tec
hnologies and try to become a benchmark in terms of the implementation of China’s push to further open
up its financial sector to foreign investors, said the mid-tier commercial lender BOB in an announcement.
Different from the traditional counter-based model, the direct banking model uses e-cha
nnels to provide financial products and therefore has no restriction of time, regions or geographic branches.
is deep into its most crucial week since the last one.
On Thursday, Theresa May travels to Brussels to meet with the remaining 27 EU leaders, where she is expected to request an extension to Article 50, the legal
process by which Britain is leaving the EU. If the EU27 agree, as they probably will, Brexit will be delayed beyond the current deadline of March 29. Lea
ving aside the gravity of this epic failure of British Brexit policy, the key question is how long will the delay last?
There are two likely options. The first is a short delay, which Downing Street said on Wedne
sday it would request. This would give the UK government a little more time to get its Withdrawal Agr
eement through Parliament, perhaps sweetened with some changes to the accompanying political declaration.
Or, the EU could offer May a much longer extension, possibly lasting years, to give to the UK more breathing space in which to u
ntangle its Brexit mess. The EU says it would only grant a longer delay if there was a good reason for doing so.
Park, is near to Cathedral Square, where children were taking part in a global protest to raise awareness for climate change.
”If your child was attending the climate change protest in Cathedral Square and you want to check if they are in the Civic O
ffices, please call the Council Contact Centre on 03-941-8999,” Christchurch City Council said.
Christchurch is a coastal city of around 400,000 residents. It is the third most populous
city in New Zealand behind Auckland and Wellington. It has an agricultural economy.
In 2010 and 2011 the city suffered a series of devastating earthquakes, with the most destructi
ve at 6.3 magnitude, which killed nearly 200 people and destroyed thousands of buildings.
Just 1% of New Zealand‘s population of almost 5 million are Muslim, according to government statistics, less than 50,000 people in 2013.
Journalist Chris Lynch, a radio host on New Zealand station ZB Radio, told CNN that o
ne of the shootings had occurred at “the biggest mosque in all of Christchurch.”
He described Christchurch as a “very peaceful city” that is still getting over the devastating 6.3 magnitude earthquake that hit in 2011.
On Jan 24, an album, titled China Music House-Kung Hei Fat Choi, was released online as the result of the project.
Six classic Chinese folk music pieces, including Bai Niao Chao Feng (Birds Paying Homage t
o the Phoenix), which features the traditional Chinese musical instrument, the suona, have been ada
pted and performed by Chinese musicians, including suona player Chen Baoli and erhu player Guo Gan.
Meanwhile, Lu Zhongqiang, the founder of 13 Month Cu
ltural Communication, says that besides Chinese musicians, more than 30 mus
icians from about 10 countries, including Poland, France and Cuba, have worked on the album.
In the past 10 days, the album has been listened to nearly 10 million times.
According to Fan Guobin, the general manager of China Record Grou
p, the project will expand into outdoor music festivals and concerts in 2019.