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Under the current IPO system, new shares are subject to approval from the CSRC. And China is seeking to turn from an approval-based IPO system to a more market-oriented system based on registration.

Under the principle, the central government exercises overall jurisdiction over the Hong Kong and Macao special administrative regions and the two regions enjoy a high degree of autonomy. They continue to retain their previous capitalist systems and ways of life, and their laws have remained basically unchanged. Their legal, economic and financial affairs, including trade relations with foreign countries, are independent from those of the Chinese mainland.

Under the reform, China has cut the VAT by nearly 2 trillion yuan in less than two years and expanded tax categories to recently include the environmental protection tax and the water resources tax. In addition, the tax base has been broadened enough to offset some reductions of the total fiscal income.

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Ultimately, Commsat plans to deploy more than 800 such satellites. Currently, there are about 300 to 400 low trajectory satellites orbiting the earth, launched mostly by US and European aerospace manufacturers.

Unigroup's industrial park in Chongqing will be able to boost the development of upstream and downstream firms and generate a total sales revenue of over 100 billion yuan annually after it goes into operation.

Under the terms?that Hachette ultimately agreed to, it is able to?set the price of its consumer titles, but will be offered?better terms by Amazon when Hachette offers?lower prices for readers. Originally, Amazon was asking for all?ebooks to cost .99.

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Under the program, China will also help build Lifeline Express eye centers in the six countries.

Under the 50/50 partnership, Zotye Ford Automobile Co will develop, produce and sell a range of affordable all-electric vehicles for consumers in China under a new brand, according to a Ford news release.

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Under the framework of the China-proposed Belt and Road Initiative, Sri Lanka is witnessing the construction of the mega Port City in capital Colombo and the development of the Hambantota Port and Industrial Park in southern Sri Lanka, and these projects are expected to become the new powerful engines for the Sri Lankan economy to take-off, Cheng said.

Under a pilot program, those with bachelor's degrees from Peking University or Tsinghua University who have been offered jobs in Shanghai will be granted preferential treatment in their applications for Shanghai household registration permits, or hukou, which afford holders a full range of benefits including pensions, healthcare and child education stipends as well as auto and apartment purchasing quotas.