Yu'ebao had 474 million users by the end of 2017, with more than 99 percent of them individual investors holding an average of 3,329.57 yuan in each account.
You Sen, deputy secretary-general of the Chinese Society of Education, said the guidelines are not aimed at closing all tutoring institutions. Instead, they are intended to increase the threshold for the sector and shut down substandard institutions.
Yum China said in a statement that contactless services have been well received by customers and their delivery business is thriving during a time when the epidemic is keeping diners away from their stores, a report by Reuters said.
Yi said the launch of the STAR Market and the experimental registration system are evidence of the deepening reform and opening-up of China's capital markets. It will help to advance the supply-side reform of China's financial sector, promote deeper integration of technology and capital and spur economic development through innovation.
Yu De, managing director of SAIC Motor International Business Department, said the carmaker, which sold over 6 million vehicles in China last year, established its international business unit in 2011.
Yi said that openness is the fundamental feature of the modern economic structure and a mature financial market. The CSRC will advance the two-way opening up of the Chinese capital market, he said.
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Yet they were convicted of homicide based on allegations presented by prosecutors. In March 1999, the court handed down a death sentence to Zhou Jikun and Zhou Jiahua; the other three sentences ranged from 15 years to life.
Young provided financial support during the COVID-19 pandemic to a dozen young Chinese artists under her US-China Cultural Institute when all performances were canceled in the United States and Europe this year.
Yi Jun, vice-minister of the Ministry of Housing and Urban-Rural Development told the news conference it is making similar efforts.
Yin Wei, one of the first group of law enforcement officers involved in the campaign, said his team of eight inspectors had to work more than 12 hours a day during their time in Handan, Hebei province.