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By the end of 2020, 395 companies are expected to be listed on the A-share market, which will raise about 470 billion yuan, the highest level since 2010. The amount of raised funds is likely to increase by 55 percent from a year earlier, and it account for nearly 45 percent of the total amount globally, the report said.

Byton unveiled its first showroom, called Byton Place, on Friday in Shanghai. [Photo provided to China Daily]

C.L. Max Nikias, president of the University of Southern California, presides at commencement ceremonies on the campus in Los Angeles on May 12, 2017. [Photo/IC]

By regions, the pressure of distressed assets mainly came from Northeast China and the Bohai Bay rim area, of which the NPL ratios were higher. By sectors, manufacturing, wholesale and retail, as well as leasing and business service industries ranked in the top three in terms of the NPL balance and ratio, the report said.

CANBERRA - More than 300 students from Asia will be allowed into Australia in July under a pilot program for international students.