The authorities also highlighted the need to tighten financial regulation and prevent funds from "simply circulating in the financial sector for the sake of arbitrage", according to the report. "To support market entities, we must ensure that micro, small, and medium-sized businesses have significantly better access to loans and that overall financing costs drop markedly."
The association and federation have many private businesspeople, Li said. He said efforts should be made to help overcome difficulties for private businesses.
The benchmark Shanghai Composite Index falling 4.05 percent to close at 3129.85 points.
The baths are thought to have been for the exclusive use of the Qin king and his consort, with adjoining areas reserved for the royal harem.
The bank announced on Thursday the plan to establish BOCOM Asset Management Co Ltd in Shanghai with a registered capital of no more than 8 billion yuan (.25 billion), to be funded by the bank's own capital. The subsidiary's business scope will include investment and asset management, subject to regulatory approval.
The association said 5,289 Chinese travelers visited Antarctica last year, 12 percent of the total number of tourists. More than 97 percent of those Chinese tourists landed on the continent.
宝鸡排名优化
The benchmark Shanghai Composite Index declined by 3.35 percent, the biggest single-day drop in nearly two years. The Shenzhen ChiNext Index, which tracks stocks listed on the startup board, suffered even heavier selling, dropping 5.34 percent to a three-year low.
The bike-sharing companies said the cycles that were impounded are not returned to the streets directly after being released by the authorities. Instead, performance and safety tests are conducted, along with maintenance and repair, and damaged bikes are scrapped.
The association predicts the overall auto financing market will reach 2 trillion yuan (7.7 billion) by 2020 in China, 2.5 times the 800 billion yuan scale reported at the end of 2016. It foresees about half of new car sales involving some form of financing.
The autonomous region's forestry and financial departments jointly issued a guideline in June on how to compensate the breeders, detailing compensation standards for various kinds of human-bred terrestrial wildlife and how to dispose of the animals.