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The purpose of the Budapest RMB Initiative is to expand the investment spectrum and financing sources of Hungary and to foster Chinese-Hungarian economic partnership. MNB's goals for the initiative are to create money, foreign exchange, and capital market infrastructures; develop the settlement system; and start negotiations about Chinese capital market licences with the major stakeholders of renminbi settlements.

The proposed legislation, which will outlaw acts of secession, subversion, terrorism and conspiracy with external forces, has received support from Hong Kong legal heavyweights.

The reform measures for outbound investment come at a time when China is stepping up efforts to open its financial market.

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The reform of the WTO could not be done overnight. Instead, the reform measures need to be rolled out gradually on the basis of consultation.

The reasons are far more than the close pronunciation of the name of Guangzhou and that of Gwangju.

The railway line is expected to reach the ports of Gwadar in Pakistan, Bandar Abbas and Chabahar in Iran, key trading outposts along the Belt and Road Initiative.

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The region added Indonesia and Singapore to the list for certification. Enterprises in the region can print their own certificates of origin for 17 countries, which will further reduce the cost of foreign trade on enterprises and enhance the competitiveness of exported commodities.

The reform is an attempt to better supervise prisons by adding irregular inspection tours to those conducted by inspectors stationed in prisons on a long-term basis.

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The region first started conducting the annual Aid-Tibet poverty alleviation work conference in 2016. Up to now, more than 25 projects have started construction with over 6 billion yuan in funding.

The proposals include the lowered threshold to buy Tianjin properties for those people working in the Binhai and Baodi branches of Beijing's Zhongguancun high-tech parks in Tianjin, which inspired the public's recognition of the city's efforts to boost its industrial growth.