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Another big change is a new?threshold for free delivery.?Previously, Amazon Fresh customers in Seattle needed?to maintain “Big Radish” status — ordering a certain volume?over time — to receive?a lower?minimum order threshold?for free deliveries. Under the new model in Seattle, all orders over will be delivered for free, eliminating the Big Radish program.

Apart from serving as chairman of the China Insurance Regulatory Commission, Xiang used to work as deputy governor of the People's Bank of China, governor of the Agricultural Bank of China and also chairman of the board of the Agricultural Bank of China Co., Ltd.

Ant Financial CEO Jing Xiandong said the company serves over 650 million people on a daily basis and its vast reach has evolved over the years.

Apart from supporting major environmental projects, China also resorted to environmental economic policy to steer businesses toward sustainable growth, unveiling a plan in December to establish a national green development fund in 2020.

Apart from the Supervision Law, the country has also adopted a large number of new laws and amended many others in the past five years.