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The mixed-ownership scheme will improve the efficiency of state-owned firms, while offering opportunities to the private sector, said Peng Jianguo, secretary-general of a government-run think tank on central SOEs.

The move is part of a strategic cooperation agreement signed between ABB and the Shanghai municipal government, in which the Swiss tech giant will invest 0 million expanding its business in what is the world's largest robotics market.

The move came amid controversy over the arrest of Huawei's chief financial officer in Canada at the request of the United States over alleged violations of US sanctions on Iran.

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The mother was happy to learn that the case had been filed. "At least it means hope," she said

The move is part of a two-year pilot program to reform hearings involving domestic disputes implemented by the Supreme People's Court in 2016. During the period of reflection, courts do not deliver a verdict; instead, they investigate the family's situation or offer couples marriage guidance.

The move meant a net cash withdrawal of 40 billion yuan (.05 billion) from the market as previous reverse repos matured Friday.

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The mounting cases - particularly the high rate of infection on the cruise liner - have stoked concerns about Japan's quarantine practices. The virus has killed more than 2,200 in the Chinese mainland so far.

The money raised will help the company to improve user experience, develop new business and expand into new markets. Company officials said Manbang will also explore emerging areas, such as new energy and intelligent driving, to speed up the logistics infrastructure construction.

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The municipal government has also promised to introduce more effective measures to prevent and control the outbreak of COVID-19 in the city in the coming weeks.

The move came after the first-phase manufacturing fund of 20 billion yuan was invested in companies engaged in railway equipment, industrial robotics, new energy vehicles and other sectors.