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China's nascent trend in ESG－environmental, social and governance－investing appears to be alive and well despite the disruption caused by the COVID-19 pandemic.
China's deposit insurance scheme came into effect in May 2015. It covered commercial banks, rural cooperative banks and rural credit cooperatives. Under the scheme, a depositor can expect to receive an insurance payout within seven working days after an incident. The payout covers a deposit of no more than 500,000 yuan for each depositor in a bank.
China's electric bicycles have gained in popularity in the global markets in recent years thanks to their good quality and technological edge, and the domestic sector has not received any subsidies from the Chinese government, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is part of the Chinese Academy of Social Sciences.
China's city commercial banks recorded 32.9 trillion yuan in total onshore assets by the end of August, up 7.9 percent year-on-year, accounting for 12.9 percent of the industry's total.
China's e-commerce giant Alibaba Group has unveiled its first "future hotel", also known as "Flyzoo Hotel", in Hangzhou city, Zhejiang province, according to a local media reports on Tuesday.
来源：资阳报