The insurance capital, bolstering advantage in long duration and stable source, offered the support through investments in stocks, bonds and insurance asset management products, said the China Banking and Insurance Regulatory Commission (CBIRC).
The intensified push into the chip sector also coincides with Xiaomi's efforts to grow its technology patents. The company said it has so far obtained more than 3,600 patents.
The hotel's management team told China Daily USA that its occupancy rate has already been "exceptionally high". Most of the current occupants belong to Aman Junkie, an elite group of jetsetters who travel from one Aman resort to the other for their getaways.
The idea is to make "flash appearances" in areas previously targeted by anti-government protesters.
The huge influx of "northbound capital", which flowed from overseas to the mainland through stock connect programs linking onshore and offshore capital markets, indicated that global investors are buying Chinese stocks. The rally resulted in large demand for the renminbi and strengthened its value, Guan Tao, chief global economist at BOC International (China) Co Ltd, told China Daily.
The initiative, launched just a week before global leaders gather at the Katowice Climate Change Conference to discuss climate mitigation efforts, is the latest milestone in demonstrating China's commitment to green finance.
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The industry's investment rose by 6 percent in 2018, reversing a decline for two consecutive years.
The initiative offers "great potential" for advancing the UN's sustainable development agenda through economic growth, trade opportunities, job and income generation, infrastructure building and capacity building, said UN Under-Secretary-General for Economic and Social Affairs Wu Hongbo.
The insurance industry has been experiencing a transformation from rapid growth to high-quality development, said Lin Dairen, president of China Life Insurance.
The incident was uncovered after the child's parents reported it and the school reviewed surveillance tapes. Police detained him on Jan 29, immediately after the kindergarten and the girl's parents reported the case, it said.