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Chinese drilling ship sets record with 5,000-meter depth in South China Sea

Chinese vessel Mengxiang achieves new milestone by drilling to 5,000 meters in the South China Sea basin.

Chinese drilling ship sets record with 5,000-meter depth in South China Sea

China Securities has opened a regional office in Dubai's International Financial Centre, positioning the Beijing-based investment bank to serve clients and investors in the Middle East. The company received a license from the DIFC Authority and authorization from the Dubai Financial Services Authority. The Dubai office will bolster China Securities' engagement with clients, investors, and financial institutions across the region while forging stronger connections between Chinese, UAE, and global capital markets.

As a part of China’s financial expansion, this move follows their ongoing collaboration with DIFC on opportunities in Dubai and the wider regional market. The DIFC's expanding roster of over 8,000 companies and $240 billion in banking assets underscores the city's strength as a hub for Dubai's financial sector. Other Chinese investment banks, such as Agricultural Bank of China, Bank of China, and Bank of Communications, have also established a presence in the DIFC, with a combined stake of over 30% in the sector’s total assets.

Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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