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Bank valuations have been relatively low despite better results by several Chinese banks this year as against the previous two years. It shows that the stock market is more concerned about the potential financial risks in the next few years, Zeng said.

Bank of China said in a statement on Wednesday that it had consulted with US exchange operator CME Group and the latter confirmed that its crude oil trading product would settle at $-37.63 a barrel. This means that some investors would not only lose all their principal but also owe a huge amount of cash to the bank.

Barclays analyst Brian Johnson described the deal for GM as "a reason to own the stock again". GM will also invest .1 billion in the unit after the deal closes, the company said.

Banks from developed economies have maintained a stable and high level of internationalization, the report said. However, as developing economies have been catching up with remarkable achievements, the gap has been narrowing gradually year-on-year.

Because it can easily rotate 360 degrees and bear loads of over 1,000 metric tons, the platform provides a safer working environment than traditional construction sites.