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China's Vice-Finance Minister Zhu Guangyao had earlier disclosed that foreign businesses will be allowed to own as much as 51 percent of shares in a joint venture in securities, funds and futures industries, up from the current 49 percent.
China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.
China's "toilet revolution" has moved up a gear with the news that the emphasis will shift from management of restrooms at tourist attractions to improving conditions in facilities in rural areas via the use of technology, said Li Jinzao, vice-minister of culture and tourism.
China will take all necessary measures to safeguard its interests, he added. China opposes and has lodged stern representations to the US over its setting up a so-called coordinator for Tibetan issues and would never acknowledge such a post, Zhao said.
China's booming online catering market was also boosted the popularity of mobile payment. Around 60 percent of Chinese paid for food via smartphones, according to the CCA.
来源：资阳报