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As China plans to step up efforts to boost infrastructure investment to support economic growth, regulators are able to lower the risk weight of green financing, because such efforts will help to guide more credit to support sustainable infrastructure projects, Ma said.

Arbor Pharmaceuticals, headquartered in Atlanta, Georgia, focuses on the cardiovascular, hospital and pediatric markets. New York-based private equity firm KKR agreed to buy more than 25 percent of Arbor in late December, which valued the privately held company at more than billion, according to Reuters.

Around 54.5 percent of the market share was taken by Alipay, 39.8 percent by Tenpay, and the remainder by other third-party payment service providers including China UnionPay Merchant Services Co Ltd, a subsidiary of UnionPay, the report said.

As Chinese manufacturers of auto parts materials ramp up efforts to improve quality and promote innovation, they are becoming increasingly popular among top automobile brands, in a market that has long been dominated by overseas companies.

Arcfox aims to play a leading role in shaping the future of electric mobility and is also a part of BAIC's globalization strategy.