The prospectus shows that Li Xiang is the largest natural person shareholder of Leading Ideal, with around 356 million shares, accounting for about 25.1 percent of the total share capital and having 70.3 percent of the voting rights.
The purchase would add another household name to LVMH's plethora of upscale brands. It owns fashion names such as Christian Dior, Fendi, and Givenchy as well as watchmaker Tag Heuer.
The quota in the RMB Qualified Foreign Institutional Investors (RQFII) program came in at 548.24 billion yuan, up 5.14 billion yuan from 543.1 billion yuan at the end of June.
The recent rounds of heavy rain since July 4 have claimed two lives and affected more than 2.55 million residents across Hubei as of Wednesday morning, according to the provincial emergency management department.
The rare footage was recorded in Aksay Kazak autonomous county, Gansu province on January 7.
The punished, in 10 counties and districts, were from departments including development and reform, industry and information technology, transport, environmental protection, agriculture, urban management, police, land and resources, the provincial ecology and environment department said.
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The railway, set to be finished in 2019, is a major transportation project for the 2022 Winter Olympic Games. It will cut the commute time by train between Beijing and Zhangjiakou from more than three hours to about one hour.
The reform has helped revitalized the countryside and beat poverty there, it said.
The rating agency projects China's government debt to rise toward 40 percent of GDP in 2018 and closer to 45 percent by 2020.
The reform measures for outbound investment come at a time when China is stepping up efforts to open its financial market.