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Approximately 50 percent of the net proceeds of this offering will be used for research and development of smart EVs and technologies, while 30 percent of the net proceeds of this offering will be used for marketing and expansion of sales channels, the company said in its prospectus.

As 190 billion yuan of previous reverse repos were due Wednesday, the operation still resulted in a net liquidity withdraw of 80 billion yuan from the market.

Approved by the State Council, China's Cabinet, the 23-clause rules aim to support the country's higher-level opening-up and facilitate the new growth paradigm, said a statement released by the NDRC and the ministry. The rules will take effect 30 days after their release.

Around 100 British negotiators are involved in daily video conference calls with their counterparts from Japan. "We are doing this deal differently to the usual style. Instead of rounds of talks, we are negotiating every single day," Matsuura said.

Apple on Thursday reported a slight uptick in year-over-year revenue despite supply chain disruptions and closure of its stores in China and worldwide due to the coronavirus pandemic.