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Cai said Chinese companies should attach greater importance to risk management and control and strengthen the identification of risks in the future.

California Governor Gavin Newsom said Wednesday that the state now has rising coronavirus cases and hospitalizations and rising positive test rates, with a record number of confirmed cases — 7,149 — overnight. That broke the previously reported high of 5,000 new cases.

Cai said investment from Europe, the United States and Japan has maintained sustainable growth. Investment from Europe and the US saw yearly growth of 100.3 percent and 109.4 respectively during the first half of the year.

CHJ founder Li Xiang warned at a conference held earlier in April of the challenging fundraising environment, with investors more cautious about the industry, Chinese business publication Caixin reported.

CHANGSHA－A five-day-old elk cub was found days ago dying in the grass around an embankment of Dongting Lake, the second-largest freshwater lake in central China.