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But Hong Kong Green Finance Association Chairman and President Ma Jun said the SAR could not rest on its laurels. "Hong Kong, which has made great progress in the past few years in green finance, should not be complacent.

But Kering said that sales on the Chinese mainland increased 40 percent in the second quarter compared with the same period of 2019, and LVMH reported that sales of its top fashion brands Louis Vuitton and Christian Dior were up 65 percent in China.

But over the past few months, the tech industry has been stepping up to fund solutions to the city’s affordable housing crunch. The latest initiative was unveiled Tuesday by the advocacy group Tech 4 Housing and Bellwether Housing, Seattle’s largest nonprofit housing provider.

But he added: "We haven't identified any extremist links with this man. We haven't identified him linked to any groups. We haven't identified anyone inciting him to do any actions, or any prior extremist activities."

But according to the agreements, Li Zhen will continue to be the actual controller in at least 36 months from the date when the share transfer and private payment are under VW China's account. VW will have at least less than over 5 percent voting power than that of Li Zhen and his persons acting in concert, the company's founding shareholders. When the deals are complete, VW China will account for 13.2 percent of the total voting power, while Li Zhen and his persons acting in concert, 18.2 percent.