Xiaomi will take orders from institutional investors through June 28, and launch the IPO on July 9.
Xi, general secretary of the Communist Party of China Central Committee, was speaking on Tuesday at a Beijing conference to award individuals and units that have made outstanding contributions to the public security governance sector in the past five years.
Xu Liuping, chairman of FAW Group, said the company has set up three strategies to develop intelligent connected vehicles, consisting of mastering core technologies, establishing a technology platform with its suppliers of parts, software and hardware systems, and developing supporting technologies and common technologies together with other automakers.
Xu described the business ties between South Africa and China as one of "golden cooperation", which ensures the realization of prosperity through BRICS cooperation.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, will be present at the inauguration ceremony of the fifth-term government of the Macao Special Administrative Region (SAR).
Xi, general secretary of the CPC Central Committee, was among the 58 deputies to the NPC elected by the 13th Inner Mongolia Autonomous Region's People's Congress. The NPC, China's top legislature, will convene on March 5 for its annual session.
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Xu Ping, chair of FAW, said Hongqi represented self-dependent innovation, which would continue to be the principal of the brand's development.
Xiaomi ranked fourth in terms of shipments after Apple, whose shipments reached 9.8 million units.
Xiangcai Securities analyst Pan Yuzhang said some small and medium-sized insurance companies have seen their equities investment ratio approach the 30 percent limit. As these insurers shoulder higher costs in terms of liabilities, they usually look for increased profits for their investment and are the ones that urgently need an increase in the limit.
Xiaomi said it shipped 46.6 million smartphones from July to September, up 45.3 percent on a yearly basis. Specifically, more than half of Xiaomi's third-quarter revenue came from overseas markets, which grew by 52.1 percent on a yearly basis to 39.8 billion yuan, the company said. Its smartphone shipments to Europe grew by 90.7 percent on a yearly basis in the same period, according to market research company Canalys.