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He made the remarks at the debriefing of Operation Thunderball & Demeter V, a pair of joint international operations that focus on cracking down on the smuggling of endangered species and solid waste.

He called for improvement in capacity to develop analytical methodology and tools, to create a variety of green finance products and to train talents.

He comes to Groupon after a decade at Amazon, most recently as VP of Amazon Prime. He’ll be based in Seattle and report to Groupon COO Kal Raman, the former Drugstore.com CEO who also previously worked as a senior VP at Amazon.

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He is followed by Yang Huiyan, vice-chairwoman of Country Garden, whose property wealth reached 135 billion yuan, and Dalian Wanda Group Chairman Wang Jianlin and family's 65 billion yuan. The ranking was released by the Hurun Research Institute on Thursday.

He expects the city's police watchdog — the Independent Police Complaints Council — to come up with a report on the saga of the now-withdrawn extradition bill sometime this month, and said he believes that will provide some insights for police.

He had already learned two valuable lessons from working with his father in the family business: "be patient" and "make friends before doing business".

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He misappropriated funds of about 2.33 million yuan (0,000) during his employment from 2014 to 2016, about 1.68 million yuan (0,000) of which was embezzled by Xiu, the statement said.

He engaged with Chinese clients who are interested in investing in overseas projects during his trip to visit Beijing, Shanghai, Chengdu in Sichuan province, and Shenzhen and Guangzhou in Guangdong province.

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He made the remarks during an interview with China Daily last week.

He estimated that China will cut the interest rate on the medium-term lending facility by 10 basis points in the third quarter, which will encourage lower loan prime rates.