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Chinese mainland down jacket maker Bosideng Corp said it plans to transform the majority of its stores into higher-end outlets located in central business districts, as it is bullish on the growing revenue potential of the down jacket market in China.

Chinese business magnate Jack Ma visited Kenya in July and lectured young entrepreneurs on the virtues of hard work, resilience and empathy, which was hailed as historic by citizens from all walks of life.

Chinese investment banks are seeking new opportunities in their underwriting business for companies' initial public offerings as the regulator is expected to loosen IPO rules to allow more technology startups to raise funds in the stock market.

Chinese business leaders remained optimistic in the near-term economic outlook, and are expecting strong merger and acquisition activities in the domestic market, according to a report from the Ernst & Young on Tuesday.

Chinese authorities have urged local governments to take care of employees in places hit hardest by the epidemic, and offer support such as subsidies for small and medium-sized firms.