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Chief Minister of Melaka Idris Haron said Ofo's business model would provide a high-quality, yet cost-efficient transport option and ultimately boost Malaysia's economy.

China Banking and Insurance Regulatory Commission, the country's banking and insurance regulator, gave green light to China's e-commerce giant JD to invest 483 million yuan (.12 million) into Allianz China General Insurance Company Ltd for a 30 percent stake in the company on July 24.

Chengdu Spaceon Electronics, based in Sichuan province, will be listed on the Shenzhen Stock Exchange, said the CSRC.

Chen made the remarks at the company's annual Innovation Partner Conference on Tuesday in Beijing. He noted currently the supply of traditional liquid crystal displays (LCD) has surpassed demand, so BOE won't increase its investment in the sector in the future.

Chen Li, head of research at Chuancai Securities, said that banks' and insurers' participation in the Treasury bond futures market is an example of China's capital market becoming more mature and more in line with international practices as Treasury bond futures have been a standard and important tool in developed markets.