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Shared bicycles serve as billboards advertising the Tang culture, one of the most important cultural assets of Xi'an, Shaanxi province. [Photo provided to chinadaily.com.cn]

Shanghai-based Delta-Health, funded by Eight Roads Ventures, is one such private hospital. It is marking its first anniversary in China by showcasing its experience in the private sector.

Shanghai was followed by Beijing, Hong Kong and Tianjin in the ranking.

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Share-pledging refers to shares being pledged as collateral for loans. The recent broad decline in the stock market highlighted the risk of large-scale selling of pledged stocks by some listed companies' lenders.

Shanghai sees increasing demand for domestic services in recent years. More than one-third of Shanghai's over 8 million families are using or in need of domestic services, according to a survey conducted by the Shanghai Municipal Commission of Commerce.

Shan Wenhua, president of Xi'an Jiaotong University's law school, said the trial was a landmark, "because it tells the public, including traders and investors from home and abroad, how the Chinese international commercial courts operate and whether a case can be solved efficiently here".

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Shanghai released a new package of policies on Friday to facilitate the construction of industrial parks and bolster so-called strategically emerging industries.

Share buybacks by companies part of efforts to lift sentiment, prop up prices

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Shadrack Kimeu, a 30-year-old owner of a hardware shop, said that his revenue streams have expanded thanks to faster, cheaper, and more efficient means of transportation for construction materials guaranteed by the SGR.

Shanghai and Hong Kong also secured the world's three largest IPOs during the year, according to KPMG. Semiconductor Manufacturing International Corp raised .5 billion on the STAR Market, followed by JD on the Hong Kong bourse with .5 billion and Beijing-Shanghai High Speed Railway Co Ltd in Shanghai with .4 billion.