The regulators will strengthen areas of institutional weakness by increasing supervision of the shareholders of rural banking institutions, making detailed rules on shareholders' related party transactions, and pushing forward with equity trust, in addition to urging the rectification of problems, imposing severe punishment, and enhancing corporate governance capabilities of such institutions, said an official of the CBIRC.
The report from AdMaster also show that advertisers now value KOLs who can offer real reviews instead of giving fake praise. Take Xiaohongshu as an example. The app is quite similar to yelp, but instead of people commenting on stores and shops, they share reviews on brands and products.
The report noted that this has taken on increasing importance as evidenced by the World Trade Organization Trade Facilitation Agreement (TFA) which entered into force in February 2017.
The report attributes the rise to more channels open for foreign capital, including the expected rising inclusion factor for China's A-shares in MSCI and the inclusion of Chinese bonds to Bloomberg Barclays Global Aggregate Index.
The report said the listing plan of Ant Financial was originally put on the back burner last year, when it was valued at billion.
The regulation, if enacted, would require that companies charge users a deposit based on their service capability. The total prepaid funds in a user's account on a bike-sharing platform, for example, would be capped at 100 yuan (), while the money for other new transportation business would be less than 8,000 yuan.
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The report accused the US of serious infringement on citizens' civil rights, systematic racial discrimination, severe flaws in US-style democracy, a widening rich-poor divide, discrimination and assault against some specific groups, such as women, children and people with disabilities as well as its continued violations of human rights in other countries.
The report also accused various government bodies of breaching their duties. For example, it said that as authorities overseeing buildings, the local housing and urban-rural development bureau failed to crack down on the illegal construction of the building, which had existed for a long time.
The report showed that 10 of the 15 countries with the biggest growth of Chinese visitors are in Europe, including Switzerland, Belgium and Serbia, reflecting the growing desire of Chinese travelers to seek out new and authentic experiences off the traditional tourist trail.
The regional government, legislature and political advisory body of Xinjiang Uygur Autonomous Region expressed on Wednesday strong condemnation and firm opposition to the Xinjiang-related Act passed by the US House of Representatives.