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As China aims to build a number of world-class, role-model SOEs that lead the way in high-quality development, it would be economically beneficial for more companies of this kind to participate in mixed-ownership reform to bring private capital into SOEs, said Lin Wei, a Global Strategy Group partner at KPMG China.

Apple's share price fell almost 8 percent from Aug 1 to the market close on Aug 5. In the same period, Facebook fell 6.5 percent, Alphabet (Google's holding company) 5.5 percent, Amazon 5.7 percent, Microsoft 4.2 percent, and Netflix 4.2 percent.

Apple's stock is up about 27 percent since October, a gain many analysts attribute to the upcoming build-out of 5G wireless networks. In the last 52 weeks, the stock is up about 108 percent. The stock closed Tuesday at 7.69 a share, up .74, or 2.83 percent.

Article 13 ?The Chief Executive shall be the chairperson of the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region. The other members of the Committee shall be the Chief Secretary for Administration, the Financial Secretary, the Secretary for Justice, the Secretary for Security, the Commissioner of Police, the head of the department for safeguarding national security of the Hong Kong Police Force established under Article 16 of this Law, the Director of Immigration, the Commissioner of Customs and Excise, and the Director of the Chief Executive's Office.

As China's independent refiners, or teapots, see their costs rising thanks to the country's new taxation system and higher crude oil prices, insiders are urging them to shift focus to the high-end market to avoid their margins being further crushed.