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China Railway First Group Co., Ltd resumes construction after COVID-19 eases in Suva, capital of Fiji on Oct 15, 2020. [Photo/Xinhua]

China Everbright Bank Co Ltd, a national joint-stock commercial lender headquartered in Beijing, announced on Jan 11 that it had received regulatory approval for the establishment of a joint venture to be named Beijing Sunshine Consumer Finance Co Ltd. The bank contributed 60 percent of the firm's registered capital of 1 billion yuan, while China CYTS Tours Holding Co Ltd and O-Bank Co Ltd contributed 20 percent each.

China Mobile said on Friday that it aims to secure 70 million 5G subscribers, and sell 100 million 5G smartphones next year, as the nation's largest mobile carrier scrambles to lead the commercialization of the superfast wireless technology.

China Telecommunications Corp, the country's third-largest operator by mobile subscribers, announced it will officially launch 5G commercial services in September, marking an accelerated push in 5G application. The expected plan was to commercialize the technology in October this year.

China Railway Rolling Stock Corp, the largest rolling stock manufacturer by production volume in the world, will expand its presence in nine areas, including wind power equipment, industrial robots and polymer composites, to enrich its core competence in the global arena, a top company executive said on Monday.