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The General Office of the State Council, China's Cabinet, released a circular on Saturday that called for piloting the registration-based IPO system on ChiNext, as a critical step of implementing the revised Securities Law, which took effect on Sunday.

The Guangdong-Hong Kong-Macao Greater Bay Area expects to be the largest economy among global bay areas by 2020, as Hong Kong is expected to be more attractive to firms and capital from the Chinese mainland will be promoted, according to a report from real estate consulting firm CBRE.

The Google Inc logo sits illuminated on the company's exhibition stand at the Noah Technology Conference in Berlin, Germany, June 6, 2018. [Photo/VCG]

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The Financial Stability and Development Committee under the State Council said after a meeting on Saturday that the ratio of direct financing in the market will increase after the registration-based IPO mechanism is implemented across the entire A-share market.

The Hang Seng Index saw a 2.9 percent jump on Thursday, the first day of trading after the new law came into effect on June 30. It has maintained its momentum and climbed as high as 26,782 on Tuesday, the highest it has reached in four months.

The Guangdong Provincial Bureau of Justice said on Friday it will file an administrative punishment against Dang, saying he had violated court disciplines. The authority did not reveal what punishment he might receive.

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The Fifth China-Africa People's Forum will help promote the building of a community with shared future for China and Africa, and serve as a warm-up for the Beijing Summit of the Forum on China-Africa Cooperation in September, an official with a nongovernmental organization said on Friday.

The G7 summit came after the Trump administration announced last week to impose tariffs on steel and aluminum imports from the European Union (EU), Canada and Mexico, which has drawn strong opposition from the domestic business community and quick retaliation from US major trading partners.

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The Franklin Institute said in a statement to China Daily that the Institute has the utmost respect for the Terracotta Warriors and the rich cultural heritage they embody.

The Hainan Party chief expects the cadres to promote Hainan by spreading news of the successful construction of the Hainan Pilot Free Trade Zone and Free Trade Port, as well as the business and entrepreneurship environment in Hainan. He expects them to be good liaisons for Hainan by establishing a long-term communication mechanism and working to build bridges between Hainan and their own local governments or government institutions. He wants them to continue to help promote Hainan's strengthening of reform and opening-up, and help serve major national strategies by increasing the support of their local governments and government institutions for the construction of the Hainan Pilot Free Zone and Free Trade Port.