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Any impact from the interim new tax policy would be neutralized over time as the general public get used to disclosing incomes accurately.

Anta Sports Products Limited net profits for 2019 jumped 30.3 percent to 5.34 billion yuan (4 million) and earnings reached a record high to about 34 billion yuan, surging by over 40 percent year-on-year, driven up mostly by the growth of its sports brand Anta and fashion sports brand Fila.

Another group of 16 potential jurors were still questioned in the afternoon.

Apart from stepping up efforts to analyze, evaluate and supervise financial innovation, regulators must follow the development trends and the level of impact of financial innovation to identify hidden risks in a timely manner and take necessary measures. At the same time, China's regulatory authorities should strengthen communication with their international counterparts to explore ways to improve regulation, shore up weak regulatory links, and continue to focus on the prevention and mitigation of financial risks, she added.

Anta Sports Products Limited, a leading sportswear company based in Xiamen of Fujian province, has seen its half-year revenue less affected by the impact of COVID-19, boosted mainly by the growth of its fashion sports brand Fila.