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Bank's proposed wholly-owned wealth management arm to help counter risk

Baristas prepare customers' orders at Shanghai Roastery, Starbucks' first international roastery, on Dec 6, 2017. [Photo by Wang Gang/For China Daily]

Bao said the ministry is already working on increasing job placements by expanding positions open to veterans. Those who have served for more than a decade in remote or special posts and may therefore have trouble meeting employment criteria for jobs in big cities can choose to be employed close to their hometowns or their spouse's residence, he added.

Back in June, Angie’s List sued Amazon Local in U.S. District Court in?Indianapolis?alleging that Amazon stole proprietary information to establish a competing?home services business.?In the suit, Angie’s List named?Amazon Local and 20 of its employees for purchasing?memberships in order to identify highly sought after?professionals. Using the service for commercial gain is in direct violation?of the company’s terms of service, it says.

Bank valuations have been relatively low despite better results by several Chinese banks this year as against the previous two years. It shows that the stock market is more concerned about the potential financial risks in the next few years, Zeng said.