The renewed strength of the US dollar in the past two weeks, when the dollar index that measures the greenback against a basket of peers rose by nearly 2.5 percent to a new peak of 93.0516 on Tuesday, the highest since December, has added depreciation pressure on the Chinese currency.
The report added that M1 thus increased 0.7 percent from one month earlier, and quasi-monetary liabilities also rose 0.5 percent. The sum of these two items, i.e. M2, increased 0.5 percent to 591.5 billion patacas (about .5 billion).
The regulator said that KPMG was fined 5 million pounds, discounted for a settlement to 4 million pounds (5.2 million dollars), and was reprimanded. [Photo/IC]
The remarks came as China has gained a strong momentum in cross-border e-commerce. Its market scale reached 9.1 trillion yuan (.36 trillion) last year and is expected to hit 10.8 trillion yuan this year, according to market consultancy iiMedia.
The report said some fund companies valued Leshi's share price at 3.91 yuan, which means the company will continue to plunge to daily limit for 13 straight days.
The regulation also asks all authorities to perform their duties and improve regulation efficiency in the investigation and punishment of unregistered businesses.
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The regulation also bans smoking in some outdoor public areas, including areas around educational and medical organizations that mainly serve children and pregnant women, and the areas of stadiums and performance stages, as well as the cultural relics preservation areas that are open to the public.
The report also said the figures indicate small and medium-sized banks have attached great importance to digitalization, but the performance of their e-platforms has not been that satisfactory.
The relatively stable share price of PSBC is in accordance with market expectations, Zeng said.
The report highlights that per capita income growth in several parts of Africa, western Asia, Latin America and the Caribbean is expected to remain very weak in the outlook period. That poses additional challenges for the Sustainable Development Goals, including the goal to universally eradicate poverty by 2030.