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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.

China allowed foreign investors to gain control of joint venture securities companies last April, and UBS AG became the first foreign bank to increase its stake to a majority 51 percent in its joint venture in China, UBS Securities Co Ltd, according to a report from wallsteetcn.com.

China and the EU recalled the importance of the Arak modernization project, and the need to continue their common efforts in this regard, it said.

China Mobile is the world's largest mobile telecommunications corporation by market capitalisation, and also the largest mobile phone operator by the total number of subscribers, with over 902 million subscribers as of June 2018.

China Pet Foods said its net profit reach 79 million yuan (.18 million) last year.