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China will finance and own 70 percent of the venture, while Laos will be responsible for the remainder.
China's banking and insurance regulator has recently issued data management guidelines for financial institutions in the banking industry, effective May 21.
China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising by 4.4 percent year-on-year, which ended the contraction streak over the previous 21 months, according to CAAM.
China will further facilitate overseas-funded companies in setting up venture capitals and investment companies, and improve relevant rules on overseas investors' strategic investment in listed firms and their mergers and acquisitions of domestic companies, Li said.
China will speed up efforts to launch a regulation on preventing illegal fundraising this year, a joint ministerial meeting said on April 20.
来源：资阳报