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The banking and insurance regulatory body is considering to transfer the P2P online lending platforms into microcredit firms, CBIRC Vice-Chairman Zhu Shumin told reporters at a news conference.

The big Earth data has the advantages of being more accurate, more scientific, and more timely. It is expected to boost the efficient application and sharing of massive data in science.

The author is assistant professor of international relations and strategic studies at the School of International and Area Studies, Goa University, Goa, India. The views do not necessarily reflect those of China Daily.

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The bank formally opened on July 21, 2015 in Shanghai.

The athletes will compete in 465 events across 40 sports and 67 disciplines.

The ban, which aims to promote new energy vehicles and protect the island's ecosystem, will take effect on July 1.

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The author is director of University and Careers Counselling and Dulwich College International.

The association sliced the whole-year sales estimate from 1.6 million to 1.5 million for the new energy vehicle sector.

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The bill would allow banks with a simple leverage ratio of 10 percent or higher to be exempted from a number of regulatory requirements, including Dodd-Frank's heightened standards for larger lenders.

The benchmark S&P 500 index .SPX and the Nasdaq Composite .IXIC hit all-time highs after Powell's speech while the dollar .DXY weakened against a basket of currencies. Traders of interest rate futures kept their bets on rate hikes in both September and December.