The report said the "two-eight effect" -20 percent cities having 80 percent "unicorns" - still exists, but was declining. Emerging first-tier cities represented by Nanjing saw increase in "unicorn" numbers. At the time of release of the report in March, five new unicorns were born in Nanjing out of the 54 latest companies in 2019. Cities such as Hefei, Qingdao and Chengdu also started to give birth to "unicorns". Numbers of "unicorns" in Wuhan and Chongqing rose too.
The regulator gave the statement after its two-day annual work conference which closed on Friday in Beijing.
The report identified key Chinese policies, including Made in China 2025 and the Belt and Road Initiative, as major driving forces for continued growth in Chinese outbound deals, although it warned that Chinese acquirers should approach deals strategically in the face of regulatory tightening overseas.
The report also noted that the variability of synthetic drugs has accelerated, and new types of drugs continue to emerge. According to the National Narcotics Laboratory, 34 new types of psychoactive substances were found in 2017, bringing the total number to 230 nationwide.
The report found Apple, which had no flagship iPhone launch in September, shipped 43.2 million, down 1 percent in Q3, and dropped to fourth place. Meanwhile, Vivo moved into the top five, shipping 31.8 million units, followed by Oppo ranking sixth, with 31.1 million units, and Realme seventh, with 15.1 million units.
The regulator took temporary policy measures such as encouraging banks to allow certain companies delay payments of loan principal and interest that will mature before June 30, said Xiao Yuanqi, chief risk officer and spokesperson of the commission.
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The release of frozen pork from reserves is part of China's efforts to keep the staple meat's supply and prices stable in the wake of the African swine fever outbreak that shook the market.
The regulator reportedly stressed that banks should ensure that they acquire first-hand, original transaction data from the borrower and its partner that helps enhance its credit. Banks should also adhere to comprehensive risk surveillance by monitoring risks associated with not only the lead company in a supply chain, but also companies in the upstream and downstream of the supply chain, according to the CBIRC.
The relatively less-developed economy in the region also offers developers plenty of room, He said.
The report collected cycling data between Sept 30 and Oct 8 from over 180 cities across the world.