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China will implement such a long-term mechanism to maintain the sound development of the real estate market, and not use real estate as a short-term means of stimulating the economy, according to the meeting.
China will start to amend rules relevant to foreign-funded insurance companies in the near future, Shanghai Securities News reported Wednesday, citing anonymous sources.
China's State-backed semiconductor fund is near to closing a 120 billion yuan (.98 billion) investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.
China's central bank governor Zhou Xiaochuan said in June that opening up helped to build a strong and competitive financial sector in China, and that protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, causing poor competitiveness and hurting the industry's development.
China will intensify its efforts to win the three tough battles－preventing major financial risks, targeted poverty alleviation and reducing pollution－to meet the public's new expectations with higher quality development, Premier Li Keqiang said.
来源：资阳报