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The new board will be launched on the Shanghai Stock Exchange and experiment with registration-based IPOs. First proposed in November 2018 and approved in late January, it has since been pushed forward at full speed.

The new relationship between the two is expected to make Ant Financial a more attractive investment due to its stronger financial standing. Alibaba acquired new shares in its finance affiliate in exchange for certain intellectual property rights, the company said in a statement. That means Ant Financial will consequently cease royalty and technology payments to Alibaba that hit roughly 2.09 billion yuan (3 million) last fiscal year.

The new facility will complement another three exist-ing fulfillment centers operated by Alibaba's partners in Hong Kong. Cainiao has already unveiled plans to open five hubs around the world, in Hangzhou in Zhejiang province, Dubai, Kuala Lumpur, Liege in Belgium and Moscow.

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The new area was announced earlier this year. The project aims to relieve the pressure of population on Beijing and build another economic powerhouse along the lines of those built near Shenzhen and Shanghai.

The new technology development center set up by the Sino-German joint venture FAW-Volkswagen Automotive Co Ltd will vastly improve the technology advantage of the overall auto industry and the company, officials said.

The negotiation process aims to reach prices both acceptable to the pharmaceutical companies and the medical insurance fund, said Xiong Xianjun, a senior NHSA official.

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The new leader, known as AMLO, who assumed the presidency on Saturday, got down to business with a 6 am meeting with his public security team, followed by a 7 am news conference - something his predecessor, Enrique Pena Nieto, habitually avoided.

The new regulation, which took effect on Monday, also prohibited 40 breeds, including mastiffs, German shepherds and St. Bernards.

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The newly increased fiscal deficit and funds raised from the special treasury bonds for COVID-19 control will be transferred to local governments. A special transfer payment mechanism will be established to ensure smaller businesses will truly benefit from these funds, he said.

The new rule changes starting prices, mileage fees and time fees during different hours. Services such as Didi Express and Didi Premier will be affected.