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Chinese electric vehicle startup Xpeng Motors has fully acquired Foshan-based carmaker Guangdong Foday Automobile Company for 16 million yuan (.27 million), in a move to get its own license for manufacturing cars.
Chinese government will further open up financial market in an all-around way by encouraging foreign capital management institutions to establish legal entity for asset management businesses including stocks and other equity assets.

Chinese representatives said the think tank should seize the general trend of world's development, guide public opinion and promote diversified civilizations, sharing of progress, and higher level cooperation.
Chinese doctors treat local patients on the naval hospital ship Peace Ark at the port of Dar es Salaam, the economic capital of Tanzania in East Africa, on Nov 21. [Photo/Xinhua]
Chinese Vice-Premier Ma Kai has confirmed China's stance on calling for a global effort to jointly make software regulations and standards, as well as build a global safety system, in order to promote a healthy development of the industry.
来源:资阳报