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As such, payment service providers are looking to capitalize on the boom by offering incentives to users. For example, tourists who use WeChat Pay, a Chinese mobile wallet that presently has about 800 million users, stand to enjoy cash rebates and discounts if their total expenditure crosses the threshold.

As the first asset management firm listed in Hong Kong, Value Partners saw its shares surge as much as 8.6 percent on Monday after media reports said HNA Group is in talks it purchase some shares held by its Chairman Cheah Cheng-hye. The stock headed for its biggest gain in more than a year, until trading was suddenly halted.

As to the five schools that have received a letter from Senator Marco Rubio, the universities of North Florida and South Florida, and Miami Dade College have reportedly said they would continue the Confucius Institute operation, saying the program doesn't engage in political or religious activities.

As the investigation into the earlier incident continues, the recent discovery that FedEx shipped an illegal handgun into China shows that the US company has damaged the legal rights and interests of its clients and jeopardized public security in China, an opinion column published by China Media Group said.

As the world's second largest economy after the United States, China has achieved extraordinary economic transformation over the past four decades. And as China's economy has transformed, so has the size and make-up of its equity market.