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The MoU was signed between the Supervision and Evaluation Bureau (SEB) of the Ministry of Finance and the Financial Reporting Council (FRC) of the Hong Kong Special Administrative Region.

The NDB was established by BRICS countries to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries.

The National Weather Service office in Birmingham, Alabama, said it was sending three survey teams out on Monday to assess damage in Autauga, Macon, Lee and Barbour counties.

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The NDB, founded by BRICS, which is made up of Brazil, Russia, India, China and South Africa, during the bloc's sixth summit in Fortaleza of Brazil in July 2014, was formally opened in Shanghai in July 2015.

The National Development and Reform Commission, the Ministry of Finance and the National Energy Administration announced a cut in the national feed-in tariff by 0.05 yuan (0.7 US cents) per kilowatt-hour on June 1. The authorities also announced a reduction of the same amount in subsidies for power generated by distributed photovoltaic projects. Subsidies for county-level poverty alleviation photovoltaic projects will see no change.

The PBOC adopted targeted RRR reduction twice this year to support private as well as micro and small enterprises. The latest RRR cut, announced in May and being conducted in three phases, unleashed a total of 280 billion yuan of liquidity into the market.

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The Ministry of Foreign Affairs on Friday criticized violence during recent protests in the Hong Kong Special Administrative Region, saying it tainted the city's image, seriously challenged the rule of law and jeopardized the city's security, stability and public order.

The Occupational Safety and Health Administration has levied fines against five companies in the case of Ronald Smith, a contract worker who died from injuries sustained at an Amazon fulfillment center in Avenel, New Jersey. Smith was injured when he was “caught in between a conveyor system and crushed” when he was sorting items at the warehouse.?

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The Ministry of Public Security also sent a team to Anshun to help investigate the incident.

The PBOC held a meeting on Thursday to promote cross-border use of renminbi by State-owned enterprises in trade. The monetary authorities said to improve the cross-border renminbi policy framework, financial institutions are required to provide more cross-border renminbi financial products and services to help reduce the exchange rate risks for the corporate sector. The meeting also stressed on the need to improve the efficiency of cross-border and offshore renminbi clearing services.