The move is to ensure the implementation of differentiated credit policies for housing loans and better regulate the country's property market.
The move is part of Honor's broader push to popularize 5G handsets, with China scheduled to start building large-scale standalone 5G networks this year.
The moves follow a drop in auto sales in the world's largest auto market. In the first 11 months of this year, China's auto market saw a sales decline of 1.7 percent year-on-year to 25.42 million vehicles, while output fell 2.6 percent to 25.33 million vehicles, the CAAM data showed.
The move was decided at the Chinese Hospital Quality Congress, a platform for discussion on medical standardization management and clinical trials, which was held in Beijing on May 18.
The moves will expand financing channels for PPP projects and benefit private capital investment. Fiscal policies, such as tax cuts and interest-free loans, are also under consideration to accelerate PPP projects, said the ministry.
The monetary policy transmission mechanisms will be further smoothed out while the proportion of direct financing will be increased to make financing more accessible and affordable for the private sector and small businesses, according to a statement issued after the meeting.
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The museum also will launch a series of heavyweight exhibitions celebrating the 600th anniversary, in 2020, of the founding of the Forbidden City.
The move came after Xiaomi announced its Mi Credit lending service (and Mi Pay) to make its mark in the fintech space a few months ago. Another Chinese smartphone vendor OnePlus also revealed its plans to get into the payments services next year.
The nation plans to double the total quota of the Qualified Foreign Institutional Investors program, the latest move to meet the rising investment demand of overseas investors as the nation opens further to foreign investors.
The nation issued a guideline in late April to improve its mediation teams, asking for more professional training and strict management of mediators.