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As the two payment giants raise the stake in their battle for bigger overseas market shares, Hong Kong has naturally become the "first stop" to localize their payment apps, which secure a combined 94 percent overseas mobile payment market share of the world's second-largest economy.

As the value of bitcoins hits a milestone worldwide, the tussle over the digital currency fad continues. Duan Ting reports.

As the world's first DC networked power grid project, the core technologies and key equipment were created by China, and 12 of them are pioneering examples.

As proof of the country's still prudent monetary policy stance, funds flowing into the real estate sector will be strictly controlled, the authorities said. Last year, governments at varying levels issued 570 real estate regulatory policies, the most in recent years.

As the markets may need a lot of funding when they re-open, "the PBOC will use monetary policy tools, such as open market operations, to inject sufficient liquidity in time, to maintain reasonably ample liquidity in the banking system," the statement said.