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Apple and Samsung continued to dominate the smartphone market in 2016, but their combined shipment slipped from 555 million units in 2015 to 526 million in 2016, with market shares dropping four percentage points to 35 percent.

As 150 billion yuan of reverse repos matured Thursday, the PBOC effectively withdrew 90 billion yuan of funds from financial institutions.

Approved by the CPC Central Committee, an investigation into Zhao's case found that he had severely violated the Party discipline.

As Hong Kong had been unable to fulfill this obligation, Beijing is using powers under the Basic Law to pass a tailor-made version of national security laws via direct promulgation for Hong Kong.

Approved by the State Council, eight central regulatory bodies led by the People's Bank of China, the central bank, issued the plan which aims for the municipality to establish itself as a global financial market leader and a go-to market for renminbi-based trading by 2020. A legal, innovative, highly efficient, transparent and open financial system is expected to be in place by that time.