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Rafinha leaves Gremio after relegation******
RIO DE JANEIRO, Dec. 15 (Xinhua) -- Former Bayern Munich defender Rafinha has parted ways with Gremio following the club's relegation to Brazilian football's second tier, the Porto Alegre side said on Wednesday.。
The 36-year-old Brazil international right-back made 43 appearances across all competitions for Gremio after joining the club as a free agent in March.。
Gremio also announced the departures of 34-year-old left back Bruno Cortes and 36-year-old striker Diego Souza.。
"The club would like to thank the players for their dedication and wishes them all the best for the rest of their careers," read a statement on Gremio's official website.。
Gremio were relegated for only the third time in their history following the completion of the Serie A season last weekend. The two-time top-flight champions ended the campaign 17th in the 20-team standings with just 43 points from 38 games. Enditem。
China to pilot property tax reforms******
BEIJING, Oct. 23 (Xinhua) -- The Standing Committee of the National People's Congress, China's top legislature, on Saturday adopted a decision to authorize the State Council to pilot property tax reforms in certain regions.
The move aims to advance the property tax legislation and reform in an active and prudent way, guide the rational housing consumption and the economical and intensive use of land resources, and facilitate the steady and sound development of the country's property market, according to the decision. Enditem
Chinese shares close lower Thursday******
BEIJING, Nov. 25 (Xinhua) -- Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 0.24 percent, at 3,584.18 points.。
The Shenzhen Component Index closed 0.4 percent lower at 14,827.95 points. Enditem。
Balance of loans in Shanghai rises at end of September******
SHANGHAI, Oct. 24 (Xinhua) -- The balance of loans in Shanghai stood at 9.31 trillion yuan (1.45 trillion U.S. dollars) at the end of September, up 11.5 percent from the same period last year.
The balance of loans in Chinese yuan reached 8.53 trillion yuan at the end of September, up 11.3 percent year on year, and the growth rate was 0.1 percentage points higher than the previous month, according to the People's Bank of China Shanghai Head Office.
In the January-September period, new yuan loans stood at 735.9 billion yuan, 254.2 billion yuan more than the same period last year.
The balance of foreign currency loans hit 119.7 billion U.S. dollars at the end of September, up 19 percent year on year.
The balance of Shanghai's deposits stood at 16.85 trillion yuan at the end of September, up 12.3 percent year on year. Enditem