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Apart from serving China Construction Bank and its subsidiaries, the fintech company will export technology capabilities to external financial institutions. Its business scope includes software technology, platform operations and financial information services.

Another breakthrough in the rule of law in recent years was the adoption of the country's first Supervision Law in March 2018 — and the establishment of supervisory commissions across the country — which improved the country's supervisory system and intensified the fight against corruption.

Annual production, sales of new energy vehicles to vastly increase by 2035

Ant Group, owner of popular mobile wallet Alipay, plans to allocate 40 percent of the 48 billion yuan (.95 billion) it plans to raise from its initial public offering in the STAR Market, China's version of Nasdaq, on innovation and technology-related investments, it said in a regulatory filing on Tuesday.

Anri Kawai is also suspected of handing out around 1.5 million yen (,000) in cash to around 100 local voters to garner their support.