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Beijing's Chaoyang district as a big financial development area of the capital has seen a sharp increase in the number of financial crimes since the beginning of this year, according to a prosecuting authority's report.

Because of the US sanctions, more high-profile mainland companies are looking for a stock relisting, which has certainly benefited Hong Kong's stock market, Ho said.

Becker added: "There are anecdotal stories that Chinese business groups planning meetings and conventions in the US [this year] have had a higher visa-refusal rate."

Beihang University, a well-known Chinese university, announced Thursday that Chen Xiaowu was stripped of his post as executive vice-president with the university's Graduate School and his teaching certificate was also canceled.

Beijing is shifting some of its administrative functions, including the municipal government agencies, to Tongzhou.