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The central authorities hope Shenzhen can become a venture capital investment center with global influence. A series of measures have been launched to lower the threshold for venture capital investors and further optimize their development environment, such as expanding more sources of funding and improving exit channels.

The center will start operations in May next year.

The center's report on leisure development said the optimization of the country's economic structure is driving people's interest in leisure activities, with consumption now the main driver of economic development as people become more eager to spend than save.

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The city's subway system recorded some 183,200 trips on Saturday, according to the subway operating company, about 5 percent of the number this time last year.

The city will launch a campaign against officials or business executives who breach environmental protection rules or who have relationships with organized crime figures, the statement said.

The checkout area. (GeekWire Photo / Nat Levy)

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The central bank's announcement also clarified that "when it comes to resolution, the capital supplement bonds can be written down or swapped into equities".

The central bank will play a dominant role in terms of financial regulation, leading the coordination work with three other special regulatory committees of banking, securities and insurance, Wang said.

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The city's economy has been hit by a set of factors including global economic slowdown, trade tension between Beijing and Washington and local social unrest, which have led to a sharp drop of retail sales and the number of tourist arrivals.

The city has banned pig farming in regions totalling more than 5,200 square kilometers, nearly one third of the city's whole area, near major drinking water sources, key infrastructures and densely populated areas.