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The companies should also establish a mature system of internal risk control and conduct due diligence on the client's willingness and ability to pay.

The co-living projects targeting young people in the area provide them better living conditions at a fair price and it is also an opportunity to upgrade its overall leasing market, he said.

The companies have been bombarded with requests for mini excavators of late. Statistics collected by Taobao, a platform under China's e-commerce powerhouse Alibaba, show that on Nov 1, the first day of the annual online shopping festival, orders of excavators skyrocketed nearly 150 percent compared to 2019.

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The committee called for more inclusiveness from the capital market for businesses devoted to innovation in science and technology as well as greater efforts to support innovation in core technologies and improvements in the capacity to serve the real economy.

The company admitted no liability in settling the case. It still faces hundreds of similar lawsuits filed by states as well as other counties and cities.

The company has been affected by the pandemic, which helped produce a drastic drop in refined oil demand and slower growth for natural gas. The weaker crude prices have also hurt the group's revenue and profit, it said.

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The committee was set up as envisioned in the recently promulgated National Security Law for Hong Kong, which took effect on Tuesday, to handle national security affairs.

The committee began an investigation in July last year into "snooping" by 27 app developers. Except for Baidu, the other 26 firms all took measures to remove or optimize functions to adhere to the committee's instructions.

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The committee described the report omission as "mutiny" and the "loosened state discipline," announcing its plan to push for the parliamentary hearings.

The company claimed it has the largest market share in Chinese hospitals among medical AI companies in the cardiovascular disease sector, measuring by the number of products installed and used.