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As listed firms have made their business strategies more diversified in recent years, their need for floating subsidiaries to achieve a balanced development of different businesses has increased, the CSRC said in an announcement.

As of June 30 this year, the total scale of implemented and unimplemented IPOs in the domestic capital market has reached 143.63 billion yuan (.32 billion), a year-on-year increase of 134.85 percent compared with 61.16 billion yuan of the same period last year, according to Wind, a financial data provider in China.

As investors continue to search for the next Alibaba or Google and more unicorns appear, some might just need time to prove themselves, while others will simply be growing for the sake of growth without any prospects for profit.

As international oil prices increased, the retail prices of gasoline and diesel will rise by 175 yuan (about ) and 165 yuan per ton, respectively, according to the National Development and Reform Commission (NDRC).

As more and more Chinese investments come into the UK, I have no doubt the language capability you will acquire will become a bonus in your resume and boost your future career opportunities.