The report found Chinese entrepreneurs aged 25-34 are the most active entrepreneurs, the same as global trend. Over 60 percent of Chinese respondents said they have started businesses in pursuit of an opportunity rather than out of necessity.
The report also showed that 60 percent of outbound trips in 2016 were carried out by independent travelers and not groups.
The regulators also banned insurers from using onshore assets backed by debts as collateral for their overseas borrowing and required that insurers must control at least 95 percent of the stake in their overseas financing entities.
The report also accused various government bodies of breaching their duties. For example, it said that as authorities overseeing buildings, the local housing and urban-rural development bureau failed to crack down on the illegal construction of the building, which had existed for a long time.
The report comes as China has seen a rapid expansion of the market targeting seniors over the past few years, as well as more fraud aimed at wealthy elders.
The remarks, made at a media briefing by John Tse Chun-chung, chief superintendent of the Police Public Relations Branch, came as Hong Kong endured the fourth consecutive day of widespread vandalism to the city's transportation systems and university campuses, as well as fierce battles between radicals and police.
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The report said that the value of Chinese mergers and acquisitions in Belt and Road economies more than quadrupled to .9 billion in 2016 from .3 billion in 2014.
The removal of penalties came as China's top economic advisor Liu He, a member of the Political Bureau of the Communist Party of China Central Committee, started his visit to the US on Tuesday. Liu's visit is widely believed to help keep Sino-US relationship on the right track.
The rehearsal, which ran from Saturday afternoon to the wee hours of Monday in Tian'anmen Square and areas along Chang'an Avenue in downtown Beijing, included a grand military parade, a mass pageant and other performances as well as emergency response drills.
The regulation will take effect on November 1.