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China and the United States are going to have closer cooperation in areas of counter-narcotics, cybersecurity and repatriation, according to an intergovernmental joint statement released on Friday.

China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation (CNPC) and the State Grid Corporation of China crown the top three spots on the 2019 top 500 Chinese companies in annual operation revenue, according to the latest top 500 Chinese companies list published on Sunday.

China Hi-Tech Group Corporation is striding into the new energy passenger vehicle business, aiming to provide better service efficiency for customers and secure a chunk of the lucrative market.

China Electronics Optics Valley Union Holding Co, another subsidiary of CEC, has announced a string of measures to relieve the burden of small-and medium-sized enterprises. The company has reduced or waived 20 million yuan (.85 million) of rental and services fees for SMEs in its industrial parks across the nation to help them tide over difficulties arising from the epidemic. More than 2,000 businesses are expected to benefit from the preferential policy.

China Everbright Bank's Luxembourg expansion follows in the footsteps of six other Chinese banks- Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, China Merchants Bank, and Industrial and Commercial Bank of China, all of which have made Luxembourg a key location of their European operations. Bank of China was the first Chinese bank to set up in Luxembourg, in 1979.