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China Mobile, the country's largest telecom operator, said late last month that it will invest several hundreds of billion yuan into 5G-related industries through equity participation and mergers and acquisitions over the next five years.
China announced a merger of the banking and insurance regulators in March in an effort to step up scrutiny over the financial sector to defuse risks. The newly merged regulator was officially unveiled last month.
China Telecom, China Mobile and China Unicom, the country's three telecommunications giants, are reported to have an investment budget of 34.2 billion yuan (.95 billion) for 5G infrastructure construction in 2019.
China already has the world's largest charging network for electric vehicles and plug-in hybrids.
China Huarong Asset Management Co Ltd, one of China's largest State-owned asset managers, has set up an online platform for bad debt transactions, as part of its efforts to broaden channels for disposal of distressed debt and increase efficiency of transactions.
来源：资阳报