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Tighter scrutiny by financial regulators could lead to another shakeout in China's fiercely competitive peer-to-peer (P2P) lending sector and delay the issuing of formal business licenses by a year or two, experts said.The number of P2P firms, the fastest growing business in the internet finance sector, has decreased to nearly 1,800 by June from a peak of more than 5,000 in 2014, after a two-year rectification storm to curb illegal lending.A special working group organized by the country's banking regulator had set a deadline, from August 2016 to the end of June this year, to crack down on unconventional and risky internet finance companies, or especially the peer-to-peer online lending companies. During that period, no new online lenders got the green light for starting the business.When the investigation process ends, qualified participants are suppose to be placed on the regulator's supervision list after a thorough probe on cash flows, financing risks and compliance.The scrutiny will continue, possibly until 2020, said a recent statement released on the website of the People's Bank of China, the central bank.That means the potential risk is still considerable, and further regulatory tightening will be seen in the future, said Yang Dong, director of the Fintech and internet Security Research Center at Renmin University of China."We have not yet received any official notification about the end of the rectification campaign. Hence the registration work is likely to be postponed, given the current complex situation and long-term accumulated potential risks in the sector," Yuan Chenglong, CEO of Up Financial Co, an internet finance company, told China Daily.It needs more time, meaning a longer cooling down of the less-supervised but fast-expanding financial service, to find a balance between regulatory tightening and risk prevention, when defaults could emerge from mismatch of debt maturity structures, Yuan said.Several online lending platforms, with weak management capabilities, could be swept out, said Yuan, adding that such moves will dent investor confidence, trigger bulk withdrawals and increase bankruptcy risks for the platforms.Given the uneven development status of Chinese internet finance companies and the less-than-mature policy environment, more detailed regulations are on the way, to ensure high-quality financial services and crack down on potential risks, Li Wei, director of the central bank's science and technology department, said at a fintech forum hosted by the National Institution for Finance and Development on Friday.An earlier public speech from another central bank official Zhang Shaohua confirmed that unified registration standards for P2P online lending companies will start after further studies, without giving any specific timetable.Internet finance, as an emerging industry that is easy to fall into "barbarian growth", needs to strengthen self-discipline capacity or use external restrictive mechanisms to clarify the behavior and business boundaries, said Ben Shenglin, founding dean of the Zhejiang University Academy of internet Finance.

Tianjin, the host city of this year's Summer Davos, is ramping up its efforts to secure telecommunications and transportation services.

Thursday's coordinated editorials were criticized by some in the media, including a CBS News commentary that described them as a "self-defeating act of journalistic group think."

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Thousands of Bolsonaro supporters cheered and set off fireworks outside his home in Rio de Janeiro’s Barra de Tijuca beachfront neighborhood as his victory was announced. In Brazil’s commercial capital of Sao Paulo, the news was greeted with fireworks and the honking of car horns.

Till Sept, Imax has 666 commercial theaters in China.

Through the Amazon Local brand, it has been selling heavily discounted deals to destinations for some time. This launch is different because it includes?published rates, using a standard business model using?commissions, Skift reports. By doing this, it gives Amazon more flexibility to work with hotels on an ongoing basis.

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Three smuggling rings that allegedly used schoolchildren to carry electronic products across the border have been broken up, law enforcement authorities said on Monday.

Tianjin has announced in more detail how to help homeless people in the city who have recently gained a permanent resident permit, or hukou.

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Tian said he expected competition in some areas between China and Spain since the two are less economically complementary due to similar industrial structures. However, "the Belt and Road Initiative can help turn competition into opportunities for cooperation if they explore new models of collaboration," he said.

Through the perspective of a young Hong Kong radical protester, Liu Xin checks out the demands of the protesters and asks them why they have turned to violence. By visiting schools and checking out how civics education is taught to students in Hong Kong, she tries to find out why the young hold such strong political views against their country. She also wonders if they are sensitized to political events at too young an age.