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Archer Daniels Midland Co, or ADM, a United States-based grain trader and processor, is setting up a raw-food material plant in Jiaxing, Zhejiang province, next year to supply raw materials and other products to the Asia-Pacific market, according to a senior executive.

Around 43 percent of the 101 surveyed businesses said they would favor Hong Kong for an IPO, higher than the United States' 25 percent and 23 percent for the mainland's A-Share market.

Article 8 of the National Security Law stipulates that Hong Kong's law enforcement and judicial authorities shall fully enforce provisions of this law and of the local laws in force concerning the prevention, suppression and punishment of criminal acts.

As China continues to push for reforms on the equity structure of state-owned enterprises and state-owned banks, at least 1.5 trillion yuan of available fiscal capital will be freed up annually, the bank said.

Apple reported Tuesday that iPad sales increased 111 percent during the fourth quarter to 15.43 million, a mind-boggling number that helped the Cupertino, California titan post record revenue of billion.