The central bank has adopted a macro-prudential assessment: a formal evaluation that assigns a score to each bank based on parameters such as asset quality, capital adequacy, proportion of liquid assets and funding stability, in its battle to curb risk.
The center will strengthen its local R&D capabilities to deliver more science-backed quality products, and it plans to double the number of products and development speed in the market in the next five years.
The change came after the organization received a clarification from the United States government in the wake of widespread protests from Chinese academics about the politicization of science.
The central bank will also promote equity financing for private firms, working with various financial institutions, including fund management companies and brokerages. The measure is expected to reduce risks related to private firms securing financing by pledging shares as collateral, according to the meeting.
The city's Chongming district government published a directive on June 29, identifying Li as a special talent who qualifies for linear applications and faster approvals for residential application.
The city government has also improved barrier-free facilities in residential communities to help the elderly at home.
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The city of Wuhan in Hubei province, China's core battlefield against the novel coronavirus, officially lifts its travel restrictions today.
The central bank has to maintain a balance between supporting economic growth and preventing fast price increases, they said. "China has no foundation of sustainable inflation or deflation, but we need to watch out for the change in expectations," said Sun Guofeng, head of the Monetary Policy Department of the People's Bank of China.
The center said it will impact about 80 percent of the country's land and hit some middle and eastern cities with the coldest beginning of the year in the past eight years.
The chip was developed by DAMO Academy, a research institute Alibaba launched in late 2017, and T-Head, the company's specialized semiconductor division.