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Companies have increasingly been encouraged by the Belt and Road Initiative for going global, said a senior executive of a leading information processing and service provider in China.

Combo photo shows the close-up shots of Malcolm Harsch (L) and Robert Fuller widely circulated on the Internet in recent days. [Photo/Xinhua]

Combining online and offline models, many financial information service providers and asset management companies illegally accept deposits from the public with the promise of high returns, in the name of peer-to-peer lending, a form of borrowing and lending between individuals and small businesses, Wang said.

Conductor Michael Tilson Thomas and the 2018 NYO-USA musicians take a bow before a concert at Carnegie Hall in New York on Thursday. HONG XIAO / CHINA DAILY

Combined financing for Chinese developers year-to-date was more than .2 billion in overseas markets, more than double that from a year ago, according to data from Wind Info, a Shanghai-based financial information services provider.