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Ant Group, which operates the mobile payment platform Alipay, announced on Monday that it will seek dual listing in Hong Kong and Shanghai. Eric Jing, executive chairman of Ant Group, said in an internal communication that the dual listings will be carried out to support the group's technology innovation as well its digitalization of services, which will help stimulate the country's domestic demand. Worldwide cooperation will be strengthened to seek sustained growth, he said.

Another indication of the coronavirus taking its toll on the US economy was data released on Friday that showed US consumer sentiment fell to a three-year low, according to the University of Michigan.

Another 84.25 billion yuan was lent to financial institutions through the standing lending facility (SLF) to meet provisional liquidity demand.

Another focus of the reform is to develop a corporate legal person governance structure with effective checks and balances and establish a flexible and efficient market-oriented management mechanism. The reform to introduce a shareholding system into the central SOEs will be pushed forward, and investors of various types will be brought in to enable stock rights diversification.

Another four criminals were also caught at Cheung's concerts by using facial technology earlier.