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The China Securities Regulatory Commission said on Friday that it has suspended Dagong Global Credit Rating, one of three main ratings agencies in the nation, from bond market business for one year for charging extravagant fees for consultancy services to clients.

The CYL has become increasingly vocal on such platforms, taking a clear-cut stand against wayward ideological tendencies, including those advocating "Taiwan independence" or hostility toward revolutionary heroes.

The China (Shanghai) Pilot Free Trade Zone, located in Shanghai's Pudong New Area, has attracted a large number of wholly-owned foreign enterprises. [Photo provided to chinadaily.com.cn]

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The China Securities Regulatory Commission or CSRC rejected six of seven initial public offering or IPO applications on Jan 23, making it the biggest single day of rejections this year.

The Central American country is looking to expand its sugarcane exports to China after starting shipments last year, while introducing new products such as honey.

The China Customs Brokers Association said it is also working on how to make customs declarations easier with the help of digital tools in order to facilitate online business with Africa.

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The Chinese government is trying to create two mega coal giants in the coal industry－Chinacoal and Shenhua Group Corp, whose annual production and sales volume are respectively more than 400 million tons, Securities Times reported on Thursday.

The China International Import Expo signifies China's transition into a consumption-led growth model, in contrast to its previous high growth model fueled by exports. The expo, co-hosted by the Ministry of Commerce and Shanghai municipal government, will be held annually.

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The Caixin/Markit manufacturing purchasing managers index for August was 50.4, up from 49.9 for July, marking the quickest expansion of the sector since March, according to a report released on Monday by media group Caixin and information provider IHS Markit.

The China Securities Regulatory Commission released a statement late on Wednesday that said the authorities would continue to deepen listing system reform and positively promote mergers and acquisitions of listed companies. The CSRC will also further relax restrictions on foreign shareholdings in the Chinese securities sector and support inclusion of A shares in the FTSE Russell's global indexes.