The PBOC has also said it will permit eligible foreign institutional investors to invest in the China Interbank Bond Market directly, along with quotas through the Qualified Foreign Institutional Investor and the Renminbi Qualified Foreign Institutional Investor programs.
The PBOC officials also confirmed that the rules on asset management products, which debuted in April 2018, will be postponed, probably by one more year. The rules were seen as the strictest measures ever issued by Chinese authorities to control shadow banking businesses.
The Nasdaq-listed company said sales revenue in the quarter ending on June 30 hit 8.7 billion yuan (.22 billion), up 19 percent year-on-year. Net profit stood at 1.3 billion yuan in the period, surging 84 percent year-on-year, its earnings report said.
The National Development and Reform Commission has launched an action plan to encourage newer business models including e-commerce, new retailing and online consumption. The Ministry of Commerce has also launched guidelines to encourage small and mediumsized companies to sell products through livestreaming.
The Palace Museum is lit up on Monday evening for a rehearsal of rare nighttime public tours on Tuesday and Wednesday for visitors who were able to snag the free tickets. [Photo by Jiang Dong/China Daily]
The Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average all posted their largest one-day percentage losses since Jan 3.
温州网站排名优化
The Ministry of Water Resources recently detailed water quotas for hotels, schools and administrative organs, the first time China has instituted strict, nationwide constraints on water consumption in the service industry.
The Office of the South-to-North Water Diversion Project Construction Committee said Wednesday that to ensure water safety it had created shelter forests stretching for 197 km along the canals and pipelines, covering 636 hectares.
The National Collegiate Athletic Association (NCAA), which regulates athletics at more than 1,000 North American institutions and conferences, said it would launch its own probe into the scheme.
The OnTime platform system will later be integrated into GAC Group's automobile-processing system, the chairman said.