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Bank of China's latest issuance is its fifth bond in the international bond market that supports projects related to the Belt and Road Initiative. The total bonds issued by Bank of China under the Belt and Road theme amounts to the equivalent of over billion.

Baofeng TV, the TV arm of Baofeng Group Co Ltd, a Beijing-based internet entertainment and video company, launched an artificial intelligence (AI) TV in Beijing on Wednesday.

Baixin Bank, a direct bank jointly invested by China CITIC Bank and Chinese Internet giant Baidu, opened in November. It combines cloud computing, artificial intelligence, mobile Internet and other leading technology to offer financial services.

Basic research and application-oriented basic research will be strengthened. A number of major science and technology innovation programs will be launched, and top-quality national laboratories will be set up, the premier said.

Banks in the first five months of 2019 issued loans to small and micro-sized enterprises with a total credit line up to 10 million yuan (.45 million) for each borrower at an average lending rate of 6.89 percent, falling 0.92 percentage point from the average rate of the first quarter last year.