The municipality's move is an attempt to make location-based services one of the building blocks of the information technology industry.
The move will also foster the opening-up of the domestic exchange bond market. Foreign investment is expected to continually increase, which can consolidate the Chinese bond market's ranking as the second-largest in the world, said Yang.
The move came as Transsion Holdings Ltd, a Shenzhen-based smartphone maker few Chinese have heard of, is securing the jewel in the crown of the mobile world-the African continent, one of the most promising mobile arenas in the world.
The move, according the both company's top management, is aimed to provide quality healthcare services such as second opinions in diagnoses and treatment and overseas medical services appointments.
The move toward direct settlement has strengthened people's sense of advancement and helps promote healthy economic and social development with easier flow of human resources, Li said.
The missing girl's father, who works in Tianjin, has rushed back to Hangzhou to handle the case.
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The move taken by the US came amid the recent positive momentum on the Korean Peninsula, as Pyongyang and Seoul have embarked on an apparent rapprochement with the Pyeongchang Winter Olympics during the past month.
The move comes after the launch of crude oil futures in March, the first futures contracts listed on the Chinese mainland open to overseas investors.
The murder was not discovered until the afternoon of December 3 when Wu's grandfather became suspicious and checked Chen's bedroom from a window, seeing blood across the room and Chen's body lying on the floor.
The most mesmerizing segments of the evening gala included a group of grey-robed Africans singing and dancing to the beats of the djembe, American students' stunning display of acrobatics, athleticism, and agility, and a musical about seeking the truth of Shaolin culture in the birthplace of Kung Fu put on by a group of Russians. The zealous audience went wild with most rising to their feet and in thundering applause.