Intellectual property rights also strengthened amid e-commerce controversy
Insurers will be encouraged to offer elderly care services, including in communities for seniors, and the sector will be allowed to take part in pilot long-term care insurance projects, the State Council said.
Insurers remained solvent, with the sector's comprehensive solvency adequacy ratio at 248 percent at the end of May, well above the 100-percent requirement. Insurers' total assets amounted to 17.5 trillion yuan at the end of last month.
Investors welcome regulators' latest effort to simplify procedures for A-share companies
Insiders said the new measure raised the bar for both the quantity and quality of marriage counselors.
Innovation is the primary force driving development, Xi said in a report delivered to the 19th CPC National Congress on Oct 18. He called for more measures to cultivate young scientists, engineers and high-performing innovation teams.
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Interestingly, Amazon has never made an acquisition of more than billion — putting it at odds with rivals such as Microsoft (which has paid hefty sums for companies like aQuantive, Skype and Nokia) and Facebook (which just this year paid big money for WhatsApp and?Oculus).
Investors under the RMB Qualified Domestic Institutional Investors program were recently banned from moving yuan out of the country for forex purchases overseas. Instead, they are allowed to invest in yuan-denominated assets in foreign capital markets, as the country takes a "gradual approach" to open up its financial sector.
Inset: Soybeans grow in a field outside Wyanet, Illinois in July. Above: Soybean farmer Raymond Schexnayder Jr. holds soybeans from his farm outside Baton Rouge, in Erwinville, Louisiana. [Photo/Agencies]
Internet giant Tencent Holdings Ltd also did a bit of tech muscle-flexing by pioneering unmanned convenience stores. It heralded cashierless retail through vending machine solutions like EasyGo, Miss Fresh and CityBox.