Quotable

"Despite increasing regulatory scrutiny of Chinese outbound mergers and acquisitions by foreign governments, and calls for greater reciprocity, there is a definite Chinese desire to pursue the right deals abroad."

WILLIAM BUCKLEY, a partner at leading British law firm Linklaters. Chinese outbound direct investment, or ODI, in the coming decade is forecast to reach $1.5 trillion, up 70 percent from the level during 2007-16, according to a new report by the firm.

"The launching of the withdrawal mechanism, which is in accordance with China's interest rate liberalization and financial marketization, will help prevent spillover risk among banking institutions. It doesn't mean a large number of Chinese banks will collapse."

ZENG GANG, director of banking research at the Institute of Finance and Banking under the Chinese Academy of Social Sciences. In reply to a proposal by the fifth session of the 12th National People's Congress, the top legislative body of China, the China Banking Regulatory Commission said it will strengthen communications with legislators to push forward with legal protection for close-out netting, the primary means of mitigating credit risks associated with over-the-counter derivatives.

"AMOLED technology is the future trend for smartphone panels. ... At the moment, technological upgrades of display panels on smartphones concentrate on appearance, function and image quality. The flexible AMOLED display brings more possibilities to a phone's appearance."

ZHANG YU, vice-president of BOE Technology Group Co Ltd, Beijing-based supplier of semiconductor display products

(China Daily Africa Weekly 08/11/2017 page24)