Unlike Jingdong Digits and Ant Group that specialize in network traffic, scenarios and technology application, Lufax focuses on middle income and affluent investors, providing larger-value credit and wealth management services.
Under the cooperation, China's successful experience of reducing poverty can be shared with other developing countries, to support their sustainable growth, according to Hua.
Under the Criminal Law, the age of criminal responsibility is currently 16. Young people aged between 14 and 16 only face criminal liability if they commit serious violent offenses, such as intentional homicide, rape or robbery. Those under the age of 14 who commit crimes are exempted from criminal punishment under the law.
Under a strategic partnership signed with Alibaba's Tmall platform, Signify aims to co-create products based on the troves of data tracking consumer predilections, bank on versatile online channels for better customer engagement, and delve into joint Internet of Things application development.
Unlike bigger rivals that are sharpening their focus on drawing top-notch brands and selling bigger-ticket items, Pinduoduo draws in 344 million bargain hunters who are generally more price-sensitive and prefer buying daily necessities in bulk.
Under current regulations, foreign financial companies can only own up to 49 percent of their China joint ventures, frustrating their attempts to compete effectively with Chinese rivals.
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University Village. Photo via U Village
Unrests that have raged for months continued to hit Hong Kong on Sunday, as radical protesters of an illegal rally set fires, threw petrol bombs at the HKSAR government offices and vandalized mass transit railway stations.
Under the agreement, the two sides will build a unified smart city application platform to promote the application of new technologies.
Under the CPC leadership, China has achieved stable and sustainable development in a world of uncertainty, said Peter Kagwanja, chief executive of Africa Policy Institute of Kenya.