Large-scale developers will drive the overall leverage improvement across rating categories, due to strong contracted sales growth in the past few years.
Last year, China announced it will further open up its financial sector to allow 51 percent foreign ownership of financial joint ventures and 100 percent foreign ownership within three years. J.P.Morgan welcomes any decision made by the Chinese government as it continues to liberalize its financial sector further. We are fully committed to China and have a strategic long-term approach to our business in the country and we will continue to evaluate viable options to strengthen our position in this very important market in order to better serve our clients.
Last year, Xpeng sold 16,700 vehicles, ranking third among Chinese electric vehicle startups after Nio and WM Motor.
Last month in Spain, Audi debuted an A8 sedan with Level 3 functions, which will reach the market in 2018. Meanwhile Ford and Volvo are planning to skip Level 3 to Level 4, at which a vehicle can drive itself without human intervention in most driving conditions.
Last year, problems arising in the separated reimbursement systems topped the 10 questions raised by netizens to the premier in an online survey before the annual gathering of the National People's Congress. When meeting with the media in March 2016, Li promised to solve the problem within two years. The State Council executive meeting was the latest follow-up of what the premier promised in his Government Work Report this March.
Last year, the Basel-based Bank for International Settlements said the yuan's share of international currency transactions was just 4.3 percent, compared to 88 percent for the US dollar.
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Last year, Tuniu Corp, an online travel agency based in Nanjing, Jiangsu province, arranged overseas wedding photo shoots for 4,000 newly married couples. In the first quarter of this year, the company arranged wedding shoots for 1,500 couples in overseas destinations, a 50 percent year-on-year increase.
Large-scale listed enterprises have more resources to be deployed for ESG reporting, while small listed companies are still struggling to satisfy ESG reporting needs. For local family-held listed companies, there's still room for improvement in some aspects of corporate governance.
Last month, Mueller arrested Roger Stone, a longtime Trump associate, on charges of obstruction, witness tampering and making false statements to Congress.
Lao Rongzhi, who is suspected of killing seven people, went on trial on Monday at the Nanchang Intermediate People's Court in Jiangxi province.