will enter service in th上海千花网Shenyang institute a

d Shenyang Aircraft Corp’s latest major accomplishment, following

the J-15 carrier-based fighter jet and the half-century-old J-8 series fighter jet.上海千花网

Last week in Shenyang, AVIC marked the 50th anniversary of the J-8’s maiden flight, as well as the 10th anniversary of J-15’s first flight.

上海千花网品茶微信The J-8 was China’s first domestically developed combat plane capable of executing high-altitude, high-speed opera

tions, and the series has several variants still in service with the PLA Air Force and PLA Navy. The J-15 is the s

pearhead of the Navy’s carrier battle group and has taken part in many long-distance combat exercises over open seas.上海千花网

Financial service providers in the Guangdong-Hong Kong-Macao Greater Bay Area are

上海千花网seeking to attract investors with more cross-border products, as the area gains increasing popularity globally.

Some experts believe it is time to establish an integrated market and sup

ervision mechanism in the area to facilitate the development of its financial industry.上海千花网品茶微信

A survey of about 4,000 people living in the area by the Shenzhen Financial Society showed 70 percent of inte

上海千花网rviewees said cross-border consumption needs to be more convenient. Half expect an easing in po

licies related to the purchase of cross-border wealth management and insurance products.

With that in mind, many financial firms are competing to launch more convenient cross-border products this year.上海千花网

CGB (China Guangfa Bank) said on July 5 to lower the threshold for Hong Kong and Macao citizens to apply for credit card

s so they do not need to provide extra deposits, collateral or complicated certificates of income and employment.

上海千花网品茶微信Lyu Shengnan, assistant president of CGB’s Credit Card Center, said ow

ning mainland credit cards could help Hong Kong and Macao citizens to set up pe

rsonal credit records so it is more convenient for them to borrow for vehicle and property loans in the future.上海千花网品茶微信

In addition, she said the bank is opening its first branch in Hong Kong soon.

Bank of China in March also launched a pilot program in Hong Kong f

or local citizens to open mainland accounts without having to travel there for the app上海千花网品茶微信

lication. The account can be linked to mainland mobile payment applications for convenience in digital payments.

UnionPay, on the other hand, has lifted the burden on Hong Kong and Macao citize

ns in setting up mainland bank accounts to make a cross-border payment while charging no extra service fee.

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