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China's securities regulator has pledged to reform rules covering initial public offerings to foster the development of innovative and technological companies. [Photo/VCG]
China's shortened negative list for foreign investors has reinforced the government's earlier pledges to continue promoting economic opening-up, and will further facilitate foreign entry into the world's largest consumer market despite trade frictions with the United States.
China's power output increased 6.3 percent year-on-year to 2.96 trillion kilowatt-hours in the first half of 2017, official figures showed.
China's treasury cash is held at the PBOC, the country's central bank, but commercial banks also look after a part of the savings in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.
China's supervisory commission pilot program had been launched in Zhejiang province, as well as in Beijing and Shanxi province, just over a year earlier.
