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The CSRC has been toughening supervision and punishment of illegal market activities such as insider trading and stock manipulation after the market rout in 2015 shattered investor confidence.

The Bienniale aims to expand Shanghai's importance as the "gateway to the west" through the arts sector, according to its website. As artists, curators, writers, theorists and art supporters from around the world gather, the Bienniale not only provides a platform for the showcase of contemporary art, but also a place where artists can meet, challenge their work and expand their experience.

The Bond Connect program, launched in July 2017, is a mutual market access scheme which allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.

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The CDB served as liaison between JISCO and the government of Jamaica, conducted research, and coordinated on-site investigations before the takeover.

The Belt and Road Initiative was first proposed by Xi in 2013 as a trade and infrastructure network to better connect Asia with the rest of the world.

The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will effectively boost market demand of perpetual bonds.

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The Belt and Road Initiative, which involves infrastructure projects across the globe, could bring opportunities both at the design and construction phase and after the infrastructure was built, Lundstedt said.

The Bay Area Council has forged ahead in pushing for close economic and trade ties between China and the United States, with a focus on California and San Francisco in particular. The council opened a Beijing office in 2018, after gradually setting foot in Shanghai, Nanjing and Hangzhou.

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The BCG report said China's 700 million internet users are younger, more mobile, and more likely to live in rural areas than their US counterparts.

The Belt and Road Initiative is a future-oriented vision for cooperation that is in the interest of all humanity, he added.