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China Aluminum International Engineering Corporation Limited and Jiangsu New Energy Development Co Ltd will be listed on the Shanghai Stock Exchange, the China Securities Regulatory Commission (CSRC) said Friday.

Chief Secretary for Administration Matthew Cheung Kin-chung, center, attends Commercial Radio's program "Saturday Forum", Nov 23, 2019. [PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR]

Chengdu-based 1919 Wine & Spirits will issue over 39.2 million new shares to a unit of Alibaba at a price of 50.9 yuan, according to the liquor merchant in a statement. The proceeds raised in this round of financing will be used for expenditures, supplementary liquidity and repayment of bank loans.

Cheng also slammed the opposition camp for turning a blind eye to the violence and riots that seriously rocked Hong Kong last year, and said they helped radicals cover up their lawbreaking activities.

Chen added that the administration is planning to carry out an international data private line service, which will improve Hainan's international communications services.