The China-proposed Belt and Road Initiative has also contributed in this regard, Wu Hongying, director of the Latin America office of the China Institute of Contemporary International Relations, noted.
The Chinese company, which is Asia's largest oil refiner, ArcLight and Freepoint, declined to comment.
The Chinese economy is within a reasonable range and in stable condition, Premier Li Keqiang said Tuesday when meeting with six key international organizations in Beijing.
The China Securities Regulatory Commission, the top securities regulator, vowed on Feb 15 to further boost the scale of mutual funds investing in equities and introduce more pilot programs of the mutual fund investment advisory business. On April 1, the country is scheduled to lift the foreign ownership cap on mutual fund management companies.
The China branch of the BRICS Institute of Future Networks was established in Shenzhen, Guangdong province on Tuesday, as China steps up its efforts to promote international communication and exchange on information and communication technology.
The China Securities Regulatory Commission published guidelines in March for the introduction of Western-style pension target funds. From April 11, 22 Chinese asset managers had applied for 43 pension target securities investment funds.
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The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, climbed 1.61 percent to 26.46.
The China Association of Automobile Manufacturers predicts around 700,000 new energy cars will be sold this year.
The Central Committee for Deepening Overall Reform adopted a document on the implementation of comprehensively deepening reform in the political and legal fields in January 2019.
The Chinese mainland is currently home to some 100 fast-growing companies, most of which have long considered the public listing stage. Smartphone-maker Xiaomi Inc is reported to be in talks with investment banks about going public as soon as 2018, with Hong Kong currently considered the most likely destination. Xiaomi is often hailed as one of the oldest unicorns around the globe, as well as one of the world's top three unlisted unicorns next to Alibaba's Ant Financial Services Group and Uber Technologies Inc.