The bank was the second largest shareholder of the new firm, holding a 30 percent stake. It followed Xiaomi Communications Co Ltd, a subsidiary of the internet company Xiaomi, which contributed 50 percent of registered capital.
The association said results were hurt by direct cuts to government subsidies and the impact has been beyond their imagination.
The awards ceremony will be hosted by Pierce Brosnan and broadcast and live-streamed on National Geographic TV and its Facebook and YouTube platforms on Nov 4.
The average price of beer in China has gone up sharply as consumers demand higher-quality products, boosting sales for medium - and high-end beers, according to industry observers.
The average debt-to-asset ratio of China's central SOEs stood at 66.3 percent at the end of 2017, 0.4 percentage point lower than the beginning of the year, according to data from the State-owned Assets Supervision and Administration Commission (SASAC).
The bike-sharing service entails high operating costs, he said.
天水女人打胎手术
The ban, however, has caused some problems for Filipinos working in China. Some of these workers returned to the Philippines during the Chinese New Year holiday. But these workers are now stuck in Manila's airport.
The base, owned by Guangxi Liuzhou Iron and Steel Group, is scheduled to begin operating by the end of this year.
The bank acknowledged China's progress in implementing reforms and economic opening-up.
The author is a freelance reporter for China Daily.