The move underscores Fosun's push to capitalize on the financial center's appetite for tech floats, as it puts more high-quality assets from its investment portfolio on an IPO trajectory.
The ministry's package program includes the replication of all relevant pilot policies adopted in the country's 11 pilot free trade zones in extending the opening up of international shipping, opening up the ship registration system, preferential policies on taxation and the establishment of a shipping trade center in Hainan which will help the island explore innovative services such as shipping futures, trading of shipping price index derivatives, and create an internationally influential Belt and Road transportation price index system.
The move aims at empowering domestic manufacturers and allowing bigger role for private enterprises, said NIOC.
The move is expected to give better play to the positive role of foreign investment in China's industrial development, technological progress and structural optimization, said a news release from the NDRC.
The movie marks veteran producer Bill Kong's latest investment in a coming-of-age movie, 10 years after he produced Jay Chou's directorial debut, Secret, also about youngsters.
The move came after a SAFE announcement earlier this month, which stated that the country will push the reform of the Qualified Domestic Institutional Investor (QDII) program, a similar scheme for outbound investment.
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The modern world's two oldest democracies appear to be undergoing a collective nervous breakdown just at a time when global challenges such as climate change are piling up on the international agenda.
The nation's forestry authority issued a notice on Monday pledging to crack down on the illegal hunting, transportation and trading of wildlife and tighten supervision of captive-bred animal farms to safeguard public health.
The model in question may have a faulty gearbox, which could falsely lighten the fault light when changing gear and reduce power output. In extreme cases, the vehicle could lose power.
The nation's new loans and the broad measure of money supply or M2 fell to a record-low in October as lenders tightened mortgage lending and corporates stayed away from bank loans, amid an overall clampdown on shadow lending activities.