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As China will remove the shareholding limit on securities firms and mutual fund companies on Apr 1, foreign financial institutions have been making preparations in this regard, the Shanghai Municipal Financial Regulatory Bureau said.

As China and Japan will observe the 40th anniversary of their Treaty of Peace and Friendship next year, Abe said the two countries should develop high-level contacts and join hands to deal with the huge investment demand for Asia's infrastructure facilities.

As Levi's has calculated, the online channels accounted for 20 percent of its China sales revenue prior to the epidemic and the contribution rate surged to 50 percent during the outbreak. But as physical stores reopened in the country as the epidemic was gradually contained, the contribution from online channels slightly contracted to 30 percent.

Arun Kumar, director in the automotive and industrial practice at AlixPartners LLP, a consulting firm, told China Daily that cost is driving the newly formed alliances.

As China continues to push for reforms on the equity structure of state-owned enterprises and state-owned banks, at least 1.5 trillion yuan of available fiscal capital will be freed up annually, the bank said.