The commission encouraged small and medium-sized banks to incorporate investors, including foreign and privately-owned companies, in market-oriented ways and also encouraged mergers, restructuring and equity investment in small and medium-sized banks in accordance with relevant laws and rules.
The company experienced a slowdown in the online advertising sector. The segment accounts for 18 percent of Tencent's overall revenue.
The companies have been bombarded with requests for mini excavators of late. Statistics collected by Taobao, a platform under China's e-commerce powerhouse Alibaba, show that on Nov 1, the first day of the annual online shopping festival, orders of excavators skyrocketed nearly 150 percent compared to 2019.
The clip showed machines performing tasks much the way a human performs them. Two-legged robots were filmed keeping their balance while trekking through woods. One equipped with mechanical arms, picked up boxes and set them on shelves.
The combined policies should reduce liquidity risks, especially for smaller banks, which are net liquidity users and generally more reliant on shadow banking activities or off-balance-sheet financing, said Andrew Fennell, director of the sovereigns department with Fitch (Hong Kong) Ltd, a credit ratings agency.
The company also will set up 65 new power converter stations in Shenzhen, and will optimize power grid structure in battling natural disasters such as typhoon. The goal is to meet the area's increasing demand.
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The commercial banks raked in a net profit of over 1.83 trillion yuan (3 billion), up 4.72 percent year-on-year by the end of December last year, according to the China Banking and Insurance Regulatory Commission.
The company also developed a chip whose algorithm can identify the heart rate data of different users, similar to the ability of smartphones to identify fingerprints and faces of different users. By combining cloudbased AI with in-device AI, Huami wants to better individualize data while strictly protecting users' privacy at the same time.
The company also announced it has joined the 8K association as a founding member and launched its new branded platform for AI solutions, TCL AI-IN.
The clothes-sharing service generated buzz last month at the 2017 Asia Fashion Federation China Conference held in Hangzhou in East China's Zhejiang province, where fashion designers from Asia gathered to discuss the latest industry trends.