Shares of companies with strong business ties to China rallied on the news.
Several other victims were also locked up and abused in a darkroom, according to Zeng.
Shanghai Pudong Development Bank was fined more than 58.5 million yuan for 19 offenses including allocating too much money raised from WMPs to risky assets.
Shanghai is a culinary melting pot worth celebrating for its creativity.
Shares of Tencent edged down by 0.86 percent to HK2.6 per share, while the benchmark Hang Seng Index remained flat at 31,414.52 points.
Seventy years after the issuance of the "May 1 Slogans," China is striving for national rejuvenation. One of the concrete goals is to build China into a great modern socialist country by the middle of the century.
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Shake Shack's move into China is in line with its meteoric rise in recent years. It was founded as a hot dog cart in New York in 2001, part of a Public Art Fund project to drive awareness for renewal efforts of Madison Square Park. The brand has since become one of the most prominent burger chains in the United States and has more than 200 outlets worldwide.
Shanghai officially launched a comprehensive portal for administrative services in October 2018, which applied technologies such as blockchain, AI and big data.
Shanghai doctors have developed a special type of butter tea, a popular drink in Tibetan families, by adding nutrients that boost the production of blood cells.
Shao introduced that China is planning to organize a joint exercise and training event for peacekeeping standby forces in 2020. "We look forward to the participation of other countries and international and regional organizations," he said.