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The first stage is the growth of an international exchange center. Commercial and cultural exchanges emerged since early humans scattered to different regions of the globe. The difference in currencies made trade inconvenient, so traders needed to purchase and sell foreign currencies in a major city along the trade route. Such cities gradually became local international financial centers, including Rome and Xi'an in olden times, and Genoa and Amsterdam in late Middle Ages. Such centers often relate to bulk and wholesale trade. Merchants purchased at the trade center and then sold to other places, and brought various currencies there for exchange.

The first two rounds of reform programs mainly covered central SOEs such as China Eastern Air Holding Company and China Southern Power Grid.

The first batch of about 250 Hong Kong residents stranded in India returned to Hong Kong on May 18 on a chartered flight arranged by the HKSAR government departing from New Delhi.

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The fire department on Friday also said four firefighters were hospitalized after battling the blaze at Badim Hospital and that about 90 patients were transferred to other medical facilities.

The first supermarket in China run through artificial intelligence has opened for business in Shanghai, December 1, 2018. Different from a traditional supermarket, customers at the new AI-run store can use their palm print to pay. A customer creates an account which is linked to Alipay and inputs his palm print at the entrance of the supermarket. [Photo/IC]

The former refers to games, novels (fiction/literature), music and video. Technological developments in these sectors will bring us deeply to the virtual world and let human beings find their own sense of existence.

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The firm makes efforts to teach Chinese to non-Chinese kids as well.

The first communications satellite in China using Ka-band broadband technology, ChinaSat 16 was developed by the China Academy of Space Technology based on its DFH-3B communications satellite platform. It is orbiting the Earth nearly 40,000 kilometers above the ground, since it was lifted atop a Long March 3B carrier rocket from the Xichang Satellite Launch Center in Sichuan province in April 2017.

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The first batch of some 100 bikes have been placed on parking spots provided by Mobike's local partners, and users could ride the bikes from Wednesday after registering on the Mobike APP on their cellphone and tying their accounts with their credit card, said the company at a launching ceremony on Tuesday in Sapporo.

The fintech went public by listing its Initial Public Offering (IPO) on Nasdaq on March 8. As of Monday, the company's market capitalization was valued at .136 billion.