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The central bank has adopted open market operations more frequently to manage liquidity in a more flexible and targeted manner.

Based on facts and data, the applications must be able to reveal the difficulties in seeking substitute products, the severe economic damages suffered by applicants, the major negative structural impact on relevant industries including that on industrial development, technical advancement, employment and environmental protection, or serious social consequences, the commission said.

Bloomberg suggested China enhance market liquidity, improve its rating system, increase hedging tools and address operational concerns in order to promote the healthy development of China's bond market, Li said.

Due to their lack of basic knowledge about different industries, many lawyers struggle to offer useful proposals to help their customers with risk control or other issues, the report says.

CHONGQING, April 17 (Xinhua) -- Chinese President Xi Jinping has called for greater efforts to win the battle against poverty on time and realize the goal of building a moderately prosperous society in all respects as scheduled.