The CBRC will also support the banking industry to further reduce corporate leverage by carrying out debt-for-equity swaps as per market forces.
The Beijing-based smartphone maker first filed with the Hong Kong bourse on May 3, while the city's new listing rules took effect at the end of April, giving a go-ahead to those with weighted voting rights structure. The company's IPO launch isn’t the sole source of media attention — Xiaomi's CDR issuance has also long been expected amid pending Chinese depository receipt regulations.
The CBOE Volatility index, a gauge of investor anxiety, rose 1.02 points, posting its first increase in six sessions.
The CRH5G train, an electric multiple unit (EMU) train with a speed of 250 km an hour, is equipped with two core systems that have completely independent intellectual property rights, a network control system called "China Brain" and a train contraction system called "China Heart".
The CR929, which aims to break the duopoly of US manufacturer Boeing and European maker Airbus in the widebody passenger aircraft sector, will mainly target markets in China, Russia and other Asia-Pacific countries after it is put into commercial use. Its competing models include the Airbus' A330 and Boeing's B787.
The Belt and Road Initiative, put forward by Xi in 2013, aims to revive the ancient land and sea trade routes of the Silk Road with a focus on infrastructure.
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The Beijing-based tech heavyweight is betting its future on artificial intelligence and self-driving vehicles. It has also invested in question-and-answer website Zhihu and science sharing platform Guokr.
The Bus 2520 was traveling from Sao Goncalo, a town in Rio's metropolitan area to downtown Rio.
The Boeing 767-300 jet is dubbed “Amazon One.” (GeekWire photo by Kevin Lisota)
The Belt and Road Initiative, said Andrew Robb, former Australian trade minister, can dovetail with Australia's strategy to develop its northern region based on win-win cooperation.