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China has strengthened consumer lending regulations to prevent loans intended to finance consumption, such as education, traveling and home renovations, from being invested in housing and stocks.
China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

China imported 281.1 million metric tons of crude in the first eight months of this year, equivalent to 8.44 million barrels per day, according to Customs data, up 12.3 percent from the same period in 2016.
China has slashed NEV subsidies by 50 percent since July and plans to phase out all subsidies by the end of 2020. The policy change weakens carmakers' enthusiasm to large-scale production and promotion of NEVs, the association said.
China has successfully hosted more than 120 activities of the SCO since it assumed the rotating presidency of the organization, Xi said.
来源:资阳报