The differentiated development of the 131 Chinese securities firms will be accelerated in the following years, said Sheng. Leading companies will take a larger market share with boutique securities firms also riding emerging opportunities. Against this anticipated background, smaller securities firms will have to choose the right path forward.
The distillery will appoint a Chinese master distiller, fusing authentic whisky-making craftsmanship and local knowledge to create a new type of malt whisky, he said.
The delegation consists of 18 members from Canada, France, Poland, Russia and South Korea.
The document was jointly released by the Ministry of Industry and Information Technology, and the National Development and Reform Commission.
The document made it clear that penalties would be harsher for those found guilty of such behavior, which would be considered a crime of endangering public security by dangerous means, intentional injury or intentional homicide.
The deleveraging process will continue this year, especially in some key areas, or "structural deleveraging", as financial risk remains a threat to stable economic growth, according to Wang Jingwu, head of the financial stability bureau of the People's Bank of China, the central bank.
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The diverted water now accounts for 73 percent of the capital's daily water supply and is pumped to 11 million people, according to the committee, which is under the State Council.
The debt balance of local governments stood at 22.5 trillion yuan at the end of March.
The distinctive corporate culture plays an important role in brand-building, Zhang said.
The debt sale would be a major milestone for a developing economy such as China. [Photo/VCG]