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"Financial technology is at the forefront of the new economy, and its development is greatly affected by factors including policies and regulations. Compared with their US counterparts, Hong Kong's stock exchange executives hold a more prudent attitude toward certain types of fintech companies, such as those focusing on blockchain technologies, due to market uncertainties in this field. It will still take time for mainland fintech companies to make business innovations and improve operational performance after they have met IPO application requirements in the US and Hong Kong," said King Li, TMT assurance partner at EY.
"For example, we had to spend much time to verify whether a company or institute subject to a lawsuit is actually a military department, because sometimes it looks like an ordinary company, but actually it belongs to a military authority," he explained. "Besides, we often struggle to access military documents and are denied access to military properties for on-site investigations."
"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.
"Firearms are the second life of police officers … all police officers were told on the first day of starting service that they should try every means to protect firearms from being snatched," Lam said. "Otherwise they'll be in danger."
"Going forward, we will continue soliciting our sectors of capital management and asset management to further expand our (city renewal) projects in China."
来源：资阳报