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Under Chinese rules, consumer finance companies are allowed to lend 10 times their capital. In comparison, the leverage ratio of an online microloan firm is roughly just one to three times that amount.

Unigroup signed agreements in March that would grant it up to 150 billion yuan (.8 billion) in financing, which would enable it to expand its chip business.

United Airlines will formally open the third edition of its United Polaris lounge at Newark Liberty International Airport on June 4.

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Unicorns reflect the vitality of a country's new economy, industry trends and national competitiveness, the Evergrande Research Institute said, adding the era for windfall financing from investors was over in 2019, due to the weakening recovery of the global economy.

Under the agreement, a series of projects, including construction of more than 20 comprehensive stations integrating hydrogenation, fueling, charging, photovoltaic power generation and non-fuel business services, would help generate sales revenue of over 10 billion yuan (.4 billion).

Under CPC regulations, such a joint branch can be set up for companies with less than three Party members, as they are not qualified to form an independent branch.

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United Nations Secretary-General Antonio Guterres delivers a speech at the UN headquarters in New York, the United States, file photo. [Photo/Xinhua]

Under the deal, construction of unit 3 of the Xudabao nuclear power plant is expected to start in October 2021, followed by unit 4 in August 2022. The single unit construction period lasts 69 months and the construction interval between the two units is 10 months.

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Unlike other Chinese construction companies, which focus only on engineering, procurement and construction projects, CRCC has gradually transformed its business model to offer build-operate-transfer projects and public-private partnership projects, particularly in developing economies.

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