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The collapse happened at round 1 am on Monday morning. [Photo/Chinanews.com]

The commission has vowed continued efforts to prevent financial risks and foster a healthy investment environment. The country's two major stock exchanges have released rules to force companies to exit the equity market for serious law violations.

The company generates most of its revenues from application development services, which represented 89.5 percent and 90.4 percent of its total revenue in fiscal years 2017 and 2016, respectively, said the company.

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The companies deny wrongdoing and say they cannot be found to be the overdose epidemic's cause. Plaintiffs claim it could cost about 0 billion to address the epidemic, according to defense court filings in April.

The combination of trade in goods and services will be an important way for companies to upgrade their trade structure, and to improve quality and efficiency, Zhong said.

The company generates revenues primarily from service fees charged to borrowers through facilitating and managing loans. Its revenues increased 101.3 percent to 3.545 billion yuan (5.8 million) in 2017 from a year earlier, showed its prospectus.

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The company has been growing steadily in China, with its revenue more than tripling from 2015 to 2016. It delivered 13,500 cars in the first nine months of 2017, more than double from a year earlier, according to statistics from the China Passenger Car Association.

The comments came as a new study predicted that China will have the most 5G connections of any nation by 2025, having the highest 5G penetration by that year.

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The company confirmed on Wednesday that it would work closely with manufacturing partner Synlait Milk to increase supply for the last quarter of the financial year to "uplift the production schedule for the remainder of financial year 2017."

The committee for comprehensive governance by rule of law under the Guangdong Party committee issued the guidelines on Tuesday.