The move will also foster the opening-up of the domestic exchange bond market. Foreign investment is expected to continually increase, which can consolidate the Chinese bond market's ranking as the second-largest in the world, said Yang.
The move will give Shenzhen more decision-making power in the reform of key areas and critical stages of development. It will support Shenzhen in pursuing higher-quality reform and opening-up, creating high-quality development mechanisms, promoting the modernization of its governing system and capabilities, and accelerating the formation of a new municipal environment that will set an example for the rest of the country in deepening reform and opening-up on all fronts. It will enhance cooperation between Shenzhen and Hong Kong at a higher level, boost the "key engine" role in Greater Bay Area development and contribute to the growth of a modern, powerful socialist country.
The month's rapid credit growth was a result of a series of precautionary measures to ease the negative effects of slowing domestic demand and external headwinds, according to Sun Guofeng, head of the bank's monetary policy department, at a news conference.
The nation will optimize cooperation in combating money laundering and improve related investigations and technologies and supervision.
The move will improve the yuan yield curve in the region and help in yuan internationalization, said a statement on the PBOC website.
The move came one day after the Senate Foreign Relations Committee advanced a bill to the full Senate, which directs the Trump administration to impose sanctions against Ankara because of its military operations in Syria and the purchase of Russia air defense system.
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The nasopharynx is in the upper part of the pharynx behind the nose, connecting the nostrils and throat. The location makes it hard for doctors to operate, so radiotherapy is the first choice.
The move reflects PepsiCo's continued and long-standing commitment to the Chinese market, according to the company.
The move came after a senior official at the Ministry of Industry and Information Technology said in September that China would consider the timetable for a ban on traditionally fueled cars.
The move came as Tencent aggressively builds its own ecosystem by promoting paid reading on WeChat, which has about 889 million users. Meanwhile, Apple banks on iPhone users spending more within its iOS ecosystem to boost its service revenue.