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The CBIRC also said Sunday that Hong Kong's Chiyu Banking Corporation Ltd. has been approved to set up a subsidiary bank in Shenzhen, South China's Guangdong province.

The CSI 300 index of major companies listed in Shanghai and Shenzhen fell 1.58 percent on Tuesday, following a 1.6 percent drop on Monday, led by declines among property companies and commercial banks.

The CPC will not leave any ethnic group, any family or any person behind in the process of building a moderately prosperous society in all respects, Xi told the villagers.

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The CPC's original aspiration, as well as its mission, is to pursue happiness for the Chinese people and strive for national rejuvenation, so poverty reduction has reflected the Party's original aspiration and mission to reduce poverty and help the poor to meet their aspiration for a better life, said the statement.

The CPPCC National Committee's session started Saturday and will run for nearly two weeks. As a national political advisor, Zhang Yuyan plans to propose accelerating the revision of the foreign trade law.

The CPC's call to enhance international collaboration is the first appeal from the main political parties around the world since the epidemic broke out, Klimov said.

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The BRICS countries, namely Brazil, Russia, India, China and South Africa, are home to over 40 percent of the world population and about one-fourth of the world economy.

The CSRC lowered the minimum price requirement for listed companies to sell shares through private placement and shortened the lockup period, making their share sales more attractive to investors. The regulator also scrapped the requirement of being profitable for two consecutive years and having a debt-to-asset ratio higher than 45 percent for ChiNext-listed companies to sell shares to the public.

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The COVID-19 outbreak does not affect the Singapore-China trade relations and "SBF is confident that our trade relations will remain strong and robust after COVID-19," he said, adding that the SBF is optimistic about the future of the Chinese economy, as China remains the prime engine of global growth by contributing 30 percent to global economic growth in 2019.

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