The nation's banking and insurance regulator will also tolerate higher nonperforming loan ratios for small and micro companies, especially in Hubei province, the epicenter of the outbreak, caused by holiday extensions and lockdowns of affected regions to curb the virus.
The move is part of the city's three-year action plan to help people with disabilities to live and work better in the city, according to Guo Xusheng, a senior official at the Beijing Disabled Persons' Federation.
The move is part of China's broader push to develop a home-grown semiconductor industry, in the hope of reducing reliance on foreign technologies.
The narrative of the Federal Reserve coming to the rescue on fears that the global economy is decelerating should be taken with a grain of salt. The US economy remains the undisputed advanced markets champion, further evidenced by the US adding another impressive 220,000 plus jobs in June.
The move would further solidify Futu's foothold in the US market, Li Hua, Futu's chairman and CEO, said in a statement on Monday. "We will also have more flexibility in terms of our product and service offerings, as well as enhanced ability to reduce trading costs for our clients."
The moves are aimed at boosting the business climate for new investors, he said, citing the Tianjin Building Material Group as an example.
自然排名优化
The move came after nine departments, including the Ministry of Civil Affairs, National Development and Reform Commission and the Ministry of Public Security, released an action plan last month for punishing misconduct in the sector.
The most significant event for investors last year was when MSCI — the global gauge of stock-market activity — announced in June that 222 "A" stocks — would be included in MSCI global indices from June 2018. Xu says the inclusion suggests that Beijing's financial reform efforts over the past few decades have been increasingly recognized by international investors and greater direct participation by global investors in the mainland's equity market is likely. This would encourage the government to undertake further deregulation and promote capital account.
The move is aimed at preventing the base from overcrowding, which has been commonplace during previous holidays.
The move came after the company drew the attention of capital market regulators for involvement in a massive fraud scandal recently.