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The China Securities Regulatory Commission said on May 8 that it had received an application from Nomura, Japan's largest securities trader, to set up a company in China with51 percent stake.

The China Association of Metros said that by the end of June, 34 Chinese mainland cities had subway lines. Jinan and Lanzhou are welcoming their first metro lines.

The Central American country is ready to export typical regional products, such as tropical fruits, coffee and fishmeal to China, Arosemena said, adding the Panamanian government has met with representatives of the private sector in the past month or so to discuss changes or improvements based on their expectations.

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The Chicago Board Options Exchange's volatility index, called VIX, registered its highest-ever close Monday at 82.69, topping the 80.74 posted during the 2008 financial crisis triggered by the collapse of the sub-prime housing market. But the index declined 2.21 points early Tuesday. The "fear index" gauges the market's expectation of volatility based on S&P 500 Index options.

The China Council for the Promotion of International Trade recently published a report indicating that about 70 percent of China's exhibition venues had an occupancy rate of less than 20 percent. This poses great challenges for such venues to stay profit-able, said Kruppe.

The Caixin China General Services Business Activity Index, which mainly monitors small and medium-sized firms, rose to 54.7 last month, up from 53.9 in December. It was the highest reading since May 2012.

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The CSRC said supervision will be strengthened and issuers, intermediaries and other market entities will be held accountable for violations of laws and regulations.

The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, Jan 16, 2019. [Photo/Agencies]

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The CSRC will carry out research and set up an investor compensation fund to better protect investors' interests, Jiang said.

The Center for Automotive Research in Michigan has estimated the strike's weekly costs to GM and the UAW strike fund at 0 million and million, respectively.