The new regulation concerns non-financial companies and other eligible entities that control at least two financial institutions doing business across financial sectors, requiring them to apply for and gain approval from the central bank, the People's Bank of China (PBOC), to establish financial holding companies.
The new law will not replace Hong Kong's need to enact its own anti-subversion laws stipulated in Article 23 of its Basic Law.
The new center has selected 120 firms from a pool of 1,000 as its partners and developed 56 digital solutions to help companies integrate into digital transformation.
The new rules do not restrain investment freedom as investors can still buy higher risk products if they insist, according to Deng Ge, spokesperson for the CSRC. The new rules aim to encourage investors buy products within their risk tolerance, thus reducing unnecessary losses, Deng added.
The net profit soared by 359 percent year on year to 2.2 billion yuan (about 0 million) during July-September, according to its quarterly statement.
The new Continental GT is set to redefine luxury grand touring by combining spirited, focused performance with handcrafted luxury and cutting-edge technology.[Photo provided to China Daily]
上海腋臭有哪些预防措施
The newcomers include Didi Chuxing, the Chinese ride-hailing service, smart-device maker Xiaomi and home appliance manufacturer Haier.
The new online Amazon Pharmacy reflects the company’s larger ambitions in healthcare. (Amazon Photo)
The new South Korean government under President Moon Jae-in who took office in May, said the 2015 deal was not "emotionally" acceptable to ordinary South Koreans, ordering a review of the whole procedure in reaching the agreement.
The net profits of central SOEs expanded 9 percent year-on-year and their combined operating revenue rose 5 percent during the January-November period, data from the SASAC showed.