The regulation, to be effective on Dec 1, underscored tougher supervision, requiring governments above county levels to establish a uniform and authoritative supervision mechanism to enhance regulatory capacity building.
The regulator's initial resistance melted away when the government openly backed the proposal after it became clear that the SAR had slipped behind New York and Shanghai in the global IPO market rankings. As it is, public consultations on the issue, which will end later this month, are nothing more than a formality.
The report said the level of trade in the area grew 5.85 percent last year according to the Qianhai & Shekou FTA Trade Facilitation Index, which rose to 0.8515 from 0.8044 in 2015.
The renewed risk appetite among investors and improved liquidity situation after the holiday also contributed to short-term rally of A-shares, according to Chen Guo, an equity strategist at Essence Securities Co Ltd.
The remarks came after the National Development and Reform Commission announced earlier in April that waste-to-power projects that have had generators connected to the State grid after Jan 20 will receive subsidies from the government, but the announcement did not disclose the specific amounts.
The relaxations on first-time buyers and high-end talents purchasing homes are only allowed within particular regions, as the country has no intention of comprehensively relaxing property policies, said Wang Tao, chief China economist with UBS AG.
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The regulator gave the statement after its two-day annual work conference which closed on Friday in Beijing.
The relief initiative was launched by Abiy Ahmed, the prime minister of Ethiopia, together with the Jack Ma Foundation and the Alibaba Foundation, as part of actions toward implementation of the Africa joint continental strategy for coronavirus, led by the African Union through the Africa Centers for Disease Control and Prevention (Africa CDC).
The report found that compared with the past few years, Chinese tourists would like to explore local customs and reach out to local people, seeking unique and cultural experiences.
The report said the level of trade in the area grew 5.85 percent last year according to the Qianhai & Shekou FTA Trade Facilitation Index, which rose to 0.8515 from 0.8044 in 2015.