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The relationship started in earnest in Feburary 2015 when the Industrial and Commercial Bank of China Limited (ICBC) acquired shares in Standard Bank's London-based Global Markets business.

The report said that the market will continue to grow, but at a slower rate, and online catering companies will need to focus on offering better services to retain their current customers.

The report also said yuan-denominated private equity and venture capital funds were stepping up their pace of moving abroad. It said they were looking for overseas companies that were serving the Chinese market, or purchasing foreign assets and selling them to A-share listed companies.

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The report collected statistics released by 282 cities that have published their economic semi-annual reports as of Monday. Hong Kong and Macao special administrative regions and Taiwan were not involved in the statistical analysis.

The report said Chinese smartphone brands have deployed their 5G phones in advance, accounting for 75 percent of the global 5G phone market in the first half of the year.

The report last week by the U.S. House Judiciary antitrust subcommittee dealt with all of the companies individually but proposed a common set of remedies, including a higher bar for acquisitions, and keeping companies from participating in marketplaces they operate.

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The report showed consumers aged between 26 and 34 made up 65 percent of the total; a majority 73 percent earn a decent monthly salary with the minimum being nearly 12,000 yuan.

The report also pointed out that some older users easily misunderstand or are deceived by inaccurate and fake information on the internet. Of those cheated online, 60.3 percent fell for offers to collect free "red pocket" money. Getting free data packages was another big reason for them to be cheated, accounting for 52.3 percent of those tricked.

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The report by CRP showed that Democrats nationwide have nearly doubled spending by Republican candidates at .5 billion, compared with .8 billion by Republicans－the most ever.

The regulator expressed confidence that China's international payments will continue in a balanced manner, given the sound performance of the current account and "the rather large room" for the nation to attract mid to long-term capital.