The move came after the central bank deposited 80 billion yuan as time deposits with commercial banks under the central treasury cash management.
The move marks the very first step in a process expected to pave the way for the first financial technology spinoff and separate listing by the insurance conglomerate on Hong Kong's Main Board.
The move came after the central government announced earlier this month that it had selected a group of 31 SOEs, under local authorities or the central government, for the third round of SOE mixed ownership reform, aiming to bring more private capital into the State sector. Li Jin, chief researcher at the China Enterprise Research Institute, said the government's next move will be to further promote mixed-ownership reform at local SOEs.
The move mainly targets products of inferior quality exposed by the news media on March 15, a consumer rights protection day.
The municipal government asked each district to arrange security forces accordingly to ensure they can handle situations if emergencies occur.
The nation's increasingly active sovereign wealth funds have diversified their investment and will become an important driver of long-term global economic growth, Tu Guangshao, vice-chairman and president of China Investment Corporation, said at a forum held in Shanghai on Saturday.
网上排名优化
The municipal government of Sanya, a popular tourist city, and Hainan Development Holdings Co Ltd each invested 1.5 billion yuan to set up Hainan Pilot Free Trade Zone Opening and Development Fund. The fund, with a target scale of 50 billion yuan, will offer financial support for projects in Hainan.
The move would provide "an additional deterrent, and ensures our ability to defend our forces and interests in the region from emergent, credible threats," the US Central Command (CENTCOM) said in a statement.
The most important thing is to maintain a good attitude about the weather, like other difficulties in life, said Wang Jing, a 73-year-old from Xi'an, Shaanxi province, who has lived in Shanghai for 20 years.
The much needed respite was an opportunity to consolidate and try and get the upper hand over the fires, said Shane Fitzsimmons, commissioner of the New South Wales (NSW) Rural Fire Service.