The conference, which has been held every five years since 1997 and is widely considered to set the tone for financial reforms, also stressed that the central bank will play a stronger role in macro prudential management and guarding against systemic risks.
The considerable progress made by Ningbo-Zhoushan Port comes as China's economy recovers from the COVID-19 pandemic with the help of government measures to support hard-hit companies and prevent and control the pandemic.
The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for more market vitality, according to the National Development and Reform Commission, China's top economic regulator.
The country will increase investment in research and development, and intensify support for basic research, it said.
The construction of a new railway that will connect Nansha Port with the major national railway network will be completed and begin operations next year.
The country had decided to scrap all tolls across the country from Feb. 17 until the end of the epidemic prevention and control work, in a bid to aid smooth supply transportation and work resumption amid the coronavirus epidemic.
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The country is working toward the full implementation of the "pre-establishment national treatment plus negative list" management system for foreign investment, said Yi Gang, governor of the People's Bank of China, in a speech via video link at the second Bund Summit in Shanghai.
The construction of new campuses for four universities, including Beijing Technology and Business University and Beijing Film Academy, is accelerating, and the city expects to relocate 80,000 faculty members and students to suburban areas by 2022.
The construction of China-Europe railway hubs will break the current separate status of the cities and better serve freight, said Wang Guowen, director of the center for logistics and supply chain management at the Shenzhen-based think tank China Development Institute, according to a 21st Century Business Herald report on Wednesday.
The concept of the Greater Bay Area was envisioned years ago, and Premier Li Keqiang announced its official debut in his government work at the National People's Congress session in March.