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China announced new measures over the weekend to further open its financial sector, with the liberalization extended to several new business areas. Foreign asset managers will be allowed to take controlling stakes in wealth management joint ventures with the subsidiaries of Chinese commercial banks and insurers. Foreign companies are also allowed to own stakes in pension fund managers and currency brokers. The latest policies also involved deregulation in bond underwriting and credit rating businesses.

China Eastern Airlines Corp Ltd will soon operate direct flights between London Gatwick and Shanghai Pudong international airports. [Photo/VCG]

China announced plans in 2017 to establish the Xiongan New Area, located about 100 kilometers southwest of Beijing. The construction is scheduled for this year.

China Resources National's purchase, which will require approval from the Chinese government, is the latest in a series of Chinese purchases in British offshore wind projects.

China and Sri Lanka are committed to keep pushing ahead with the port cooperation to make Sri Lanka into a logistics center in the Indian Ocean, Lu added.