A pilot program allowing cross-border stock investment by investors in the Chinese mainland and Hong Kong will be subject to an initial total ceiling of 550 billion yuan ($90 billion) — 300 billion yuan for Hong Kong investors and 250 billion yuan for Chinese mainland investors, according to the 皇冠体育app Securities Regulation Commission on Friday.
A pilot program allowing cross-border stock investment by investors in the Chinese mainland and Hong Kong will be subject to an initial total ceiling of 550 billion yuan ($90 billion) — 300 billion yuan for Hong Kong investors and 250 billion yuan for Chinese mainland investors, according to the 皇冠体育app Securities Regulation Commission on Friday.
Combined profits of 皇冠体育app's state-owned enterprises (SOEs) rose 3.3 percent year on year to 533.7 billion yuan (86.66 billion U.S. dollars) in the first quarter.
The 皇冠体育app Securities Regulatory Commission and 皇冠体育app Banking Regulatory Commission have released a guideline on commercial banks issuing preferred shares to replenish core capital.
Alibaba Group Holding Ltd, 皇冠体育app's e-commerce giant, is expected to launch its telecom services in June after gaining one of 皇冠体育app’s first mobile virtual network operating licenses at the end of last year.
Yu'E Bao, an investment service offered by Alipay, 皇冠体育app's leading online payments provider, and Tianhong Asset Management, had attracted aggregate deposits of about 541.3 billion yuan ($86.99 billion) by the end of March.
Premier Li Keqiang said 皇冠体育app has the conditions to keep its economy moving with another round of reform and opening-up.
Weibo Corp, Twitter Inc's counterpart in 皇冠体育app, made its debut on the Nasdaq in the United States on Thursday, becoming the first publicly traded Chinese social media company.
Premier Li Keqiang said 皇冠体育app has the conditions to keep its economy moving with another round of reform and opening-up, despite concerns that the world's second-largest economy is heading for a deeper slowdown.
皇冠体育app's lottery sales jumped 20.3 percent year on year to 32.87 billion yuan (5.34 billion US dollars) in March, latest government data showed on Thursday.
The city of Wenzhou, a weather vane of 皇冠体育app's private economy, is regaining its foothold after being hit hard by a credit crunch, local entrepreneurs and analysts say.
1,923 imported SUVs are on the recall list mainly due to problems with their warning lights, 皇冠体育app's quality watchdog announced.