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Around 88.8 billion yuan of shares were transferred on the board last year. The value of preference shares offerings came in at 259 million yuan in total.

Article 21 ?A person who incites, assists in, abets or provides pecuniary or other financial assistance or property for the commission by other persons of the offence under Article 20 of this Law shall be guilty of an offence. If the circumstances of the offence committed by a person are of a serious nature, the person shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years; if the circumstances of the offence committed by a person are of a minor nature, the person shall be sentenced to fixed-term imprisonment of not more than five years, short-term detention or restriction.

Around 800 legal professionals from 57 countries attend the Global Lawyers Forum in Guangzhou, South China's Guangdong province, on Dec 9, 2019. [Photo/Xinhua]

As China proposed the Belt and Road Initiative and encouraged Chinese investors to invest abroad, the country also put restrictions in place to prevent irrational growth in outbound investment.

As China's economic drivers, internet, automobile and new technologies like artificial intelligence and big data will continue to be the hotspot for R&D spending, said Xu Huchu, managing director of PwC Strategy & in China.