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China's banking industry had surpassed that of the Eurozone and the United States three years in a row when it comes to tier-1 capital, total assets, and total pre-tax profits, according to Yuan Xiaohui, a researcher from Bank of China's Institute of International Finance.

China will never seek hegemony in the international community and it will always stand by the common interests of all countries, he said, adding that "those who always try to label China 'hegemonic' are the ones who are hanging on to hegemony".

China will further improve its nucleic acid testing capacity for novel coronavirus infections, according to a work program released by the State Council's joint prevention and control mechanism on COVID-19 on Aug 31.

China's central bank has decided to issue a set of banknotes and coins to commemorate the 70th anniversary of the renminbi, and the 50-yuan special banknote will circulate on the market with face value.

China's banking regulators have tightened control over the risks associated with interbank, wealth management and off-balance-sheet businesses.