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China's securities regulator said it had finished draft rules for a new management system for initial public offerings (IPO) and would submit them to the country's cabinet by the end of the month.

Embattled President Enrique Pena Nieto on Thursday vowed to simplify Mexico's chaotic police structure and stop collusion between officials and drug gangs as he tried to defuse anger over the apparent massacre of 43 students in September.

Prince William will go to China early next year in the first visit to the mainland by a member of the British royal family in almost three decades, Buckingham Palace announced on Thursday.