Regeln » Florence Yip, the Convenor of FSDC New

MOSCOW Nike Air Max 270 Femme Pas Cher , Aug. 23 (Xinhua) -- The BRICS mechanism under China's chairmanship this year has entered the second golden decade following 10 years of prosperity, Russian Deputy Foreign Minister Sergei Ryabkov has said.


"We do not see a deceleration in BRICS development nor a fading interest of any partner in this format. We note with great satisfaction that BRICS continues to consolidate and be approved in the international arena and it has become an indispensable factor in influencing international affairs," he told Xinhua Tuesday in an interview.


Meanwhile, BRICS retains its character of an informal association, where there is very little bureaucracy but much dialogue and search for compromises Nike Air Max 270 Femme , according to Ryabkov.


Leaders of the five BRICS countries -- Brazil, Russia, India, China and South Africa -- will meet in China's southeastern coastal city of Xiamen early next month for their ninth annual summit.


Since the first foreign ministers' meeting in 2006, BRICS countries have seen 10 years of rapid expansion in trade and economy. They currently account for nearly a quarter of the world economy and contributed more than half of global economic growth in 2016.


The upcoming Xiamen summit will serve as an opportunity for BRICS leaders to meet and map out for the future.


"Nothing in BRICS is compulsory. Everything comes from a common and conscious interest Nike Air Max 270 Homme Pas Cher ," Ryabkov said.


He said BRICS has a unique composition of participants and a special guideline, and its tasks are formulated to collectively represent political and economic wills of different countries.


The Russian participation in the BRICS cooperation helped the country with its internal tasks ranging from infrastructure development to border security, Ryabkov said.


Moscow, in turn, wants to help consolidate and enrich interaction with its partners Nike Air Max 270 Homme , he said.


In March, Chinese Foreign Minister Wang Yi said China would explore expansion modalities for "BRICS Plus" and build a wider partnership by holding dialogues with other major developing countries and organizations, so as to turn BRICS into the most-influential platform for South-South cooperation in the world.


Non-BRICS countries have been invited to attend the Xiamen meetings. Ryabkov expected the upcoming summit to adopt a package of documents outlining the expansion of BRICS and South-South cooperation.


"Now we see a new dialogue format with literally global coverage. This fully fits into the role China plays in BRICS and international affairs as a whole," he said.


According to him, participants in "BRICS Plus" meetings will possibly discuss global governance reform Nike Air Max 270 Rose Homme Pas Cher , climate change and trade barriers among other issues.


"I think the Xiamen summit will be productive," he said.


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PYONGYANG, Nov. 10 (Xinhua) -- Religious people from the two Koreas met Monday and Tuesday in the Democratic People's Republic of Korea (DPRK) in an effort to promote unity and reunification, said the official KCNA news agency.


Heads of various religious organizations from the DPRK and South Korea attended the meeting at Mt. Kumgang, voicing their support for inter-Korean joint declarations and their sincere implementation.


They also called on worshipers to take the lead in keeping a good atmosphere between the North and South and in promoting national reconciliation and unity.


Non-governmental exchanges between the DPRK and the Republic of Korea is gaining momentum after the military standoff along the border in late August was defused.


On Oct. 29, the two Koreas jointly held a workers' football match in Pyongyang Nike Air Max 270 Noir Homme Pas Cher , the first of its kind in eight years.

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HONG KONG, July 31 (Xinhua) -- There is room for further enhancement of the tax exemption regime in Hong Kong, in order to boost the private equity fund business, an official from Hong Kong's Financial Services Development Council (FSDC) said here on Monday.


Florence Yip, the Convenor of FSDC New Business Committee Nike Air Max 270 Noir Homme , told a press meeting that Hong Kong has taken positive steps over the last few years to provide a business-friendly tax regime for the private equity and venture capital funds industry.


In the face of the keen competition among jurisdictions to be the leading international asset management center in the region, Hong Kong should uphold its prevailing competitive edge in the industry, she said.


The FSDC recently released a report entitled "Proposals to Extend Offshore Private Equity Fund Tax Exemption to Hong Kong Businesses."


The report analyses the limitations of the current offshore private equity fund tax exemption regime and proposes a number of refinements.


The refinements include extending the tax exemption to cover investment in Hong Kong private companies and non-Hong Kong private companies with substantial operations in Hong Kong, subject to certain exception; expanding the scope of allowable activities of a special purpose vehicle which can be tax exempted.


Established by the Hong Kong Special Administrative Region government in 2013, the FSDC is a high-level cross-sectoral advisory body to promote further development of Hong Kong's financial services industry and to map out the strategic direction for development.


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