The Washington Post reports: "China's Xi Jinping and Taiwan's Ma Ying-jeou are the first leaders from the two sides to meet since their territories split during the Chinese civil war in 1949. Ma is the successor to Chiang Kai-shek, whose Nationalists retreated to the island, while Xi now leads Mao Zedong's victorious Communists, who set up government in Beijing. Already, arranging the meeting has required extraordinary flexibility and patience. According to Taiwan, planning for Saturday's meetings began two years ago, complicated by the need to meet conditions consistent with China's refusal to recognize Taiwan's government and insistence on the 'one-China principle,' stating that Taiwan and China are part of the same nation."
Bloomberg News reports: "Julius Baer Group Ltd., Switzerland's third-largest asset manager, would consider forming strategic partnerships or making direct investments to expand its business in China, said Chief Executive Officer Boris Collardi...Collardi is seeking to expand in a country where millionaire wealth is expected to climb by an average of about 12 percent a year to $8.25 trillion by 2020, according to his firm's research. He has previously defined Asia as the private bank's 'second home market' with about a quarter of its assets under management stemming from clients in the region."
The Associated Press reports: "Chinese President Xi Jinping called for more mutual trust and cooperation with Vietnam in a speech to young people Friday on a visit intended to mend ties between the communist neighbors that have been strained by maritime disputes. Speaking on the last day of his two-day visit, Xi said stronger cooperation and trust would aid both countries. 'The world and this region are undergoing profound and complex changes,' he said. 'China and Vietnam are facing both opportunities and challenges. Both sides should strengthen friendship, mutual-trusts and cooperation so as to boost common development.'"