New ways of market supervision must be found and more must be done to maintain market order and fair competition, Li added.
Ng said the British Council believes there are "a lot more opportunities and we're a lot more keen to establish ourselves in Macao".
Ng Keng-hooi, chief executive and president of AIA Group, told reporters when releasing its latest annual results that the company plans to set up service centers in the bay area. Leveraging its wholly owned companies in the mainland and Hong Kong, he is confident it can seize opportunities in the region.
New legislation calls for universal background checks
Non-financial ODI in 153 countries and regions amounted to 432.92 billion yuan (.6 billion) in the period, up 3.3 percent year-on-year, according to the Ministry of Commerce.
Nicholas Tse at a press conference in Beijing to promote his new album on Jan 4.[Photo by Zou Hong/China Daily]
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No hostage was injured in the standoff, but one woman fainted and needed medical attention, according to local police.
Nio unveiled its EC6 in late December but it decided to announce the prices later. The EC6 will take the Model Y head-on.
Nie said the lowered rate also created a virtuous cycle for pension funds, which had run short of funds in some rapidly aging areas due to the lack of contributors.
New rules from Jan 1 will likely push out players selling regular products, leaving the market wide open for reputable brands that are mostly present only in big cities.