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Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.

And finally, the patent filing outlines a “propulsion element” that would also expel gas to “cause a gentle or safe landing” (Fig. 3 above). Inspired by Bezos’ Blue Origin spacecraft, perhaps?

And the battle is spilling beyond China's borders. Through acquisitions and partnerships with local payment networks and e-commerce vendors, both stand to offer cashless payment in 200 countries and regions.

An online job fair was held by Nanning's human resources and social security bureau last week, with jobs such as driver and security guard provided for those who have difficulty finding work, said Wei Yudan, a bureau official.

Analysts expect the first batch of new listings under the registration-based system on the innovative startup-heavy board to debut by early September, helping sustain investors' rising appetite for growth stocks.