The city's discipline department launched an investigation to look into their academic diplomas, qualifications and backgrounds.
The central bank partnered with the National Development and Reform Commission at the end of last year to launch a trial fintech program in 10 Chinese cities and provinces including Beijing, Shanghai, and Guangdong province.
The central bank's use of reverse repos and the medium-term lending facility (MLF) does not indicate a preference for either policy relaxation or tightening, Liu added.
The central bank will develop the financial market, push forward financial reform and expand opening up while maintaining financial system stability, ensuring continuous financial services and forestalling systemic financial risks, Yi said.
The central government has accelerated debt-for-bond swaps for local governments to ease their financial burden. The target for such swaps is no less than 3 trillion yuan for 2017, but only 1.2 trillion yuan were issued in the first six months of this year.
The central government has announced a mix of policy signals to reduce the tax burden of enterprises and boost infrastructure spending, which declined to record lows earlier this year.
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The change brought Tang additional income of 10,000 yuan (,460) a year, which makes a big difference for a family with two young children.
The city, recognized as the most livable city three years running by the Chinese Academy of Social Sciences, aims to boost new sectors — including a new generation of intelligent technology, new energy and high-end equipment manufacturing.
The civil affairs department later said the list was only a draft and was publicized to solicit public opinion.
The city of Foshan. [Photo provided to China Daily]