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ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.
Preparation work for China’s ground-breaking science and technology innovation boa
rd is in full swing, with more supporting measures in the pipeline and detailed rules to be an
nounced soon, said China’s securities watchdog and the Shanghai bourse on Wednesday.
“On the whole, related work for the new board has gone rather smoothly. And we will continue to make solid and me
ticulous preparations to launch this major reform in an effective way,” said Yi Huiman, the newly appointed chairman of
the China Securities Regulatory Commission, when convening his first-ever press conference on Wednesday.
Detailed rules of the new board will be available soon to take effect, after necessary mod
ifications in line with public opinions solicited, based on the draft version, said Huang Hongyuan, ge
neral manager of the Shanghai Stock Exchange, the bourse that will launch the board.
“We will receive listing applications after the regulations are available,” H
uang said. How soon the first company will go public on the new board depends on variou
s factors, including preparation progress of the companies and their investment banks, Huang added.