More importantly, Shi pointed out that the inclusion also reflects the international market's acknowledgement of the achievements that China has made with its reform and opening-up policies. Overseas investors have come to realize that the onshore Chinese market is more closely connected to the global financial system after the introduction of the stock connect mechanism between Shanghai, Shenzhen and Hong Kong, he said.
More than 50 billion packages were delivered last year. The total import and export volume of cross-border e-commerce reached 134.7 billion yuan over the same period.
More than 3,000 journalists are in Beijing to cover the congress. Among them, 1,818 are from overseas, including Hong Kong, Macao and Taiwan, 6.7 percent more than at the 18th CPC National Congress. Foreign reporters come from 134 countries, 19.6 percent more than at the previous congress, according to the congressional press center.
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More financial reforms will start in Shanghai, the pilot city, including expanding the registration-based system of initial public offerings, and a reform of the financial regulatory regime, including measures to supervise innovative fintech groups. "That will involve many complicated issues about changing the fundamental mechanism," said Tu.
More than 22,000 Taiwan residents had applied for mainland residence permits 10 days after applications opened on Sept 1, An Fengshan, spokesman for the Taiwan Affairs Office of the State Council, said at a news conference on Wednesday.
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More than 100 billion yuan of additional transferred loans will be provided mainly to small and medium-sized banks, especially online-only banks, to ease small and micro enterprises' financing difficulty and reduce their financing costs, Guo Shuqing, PBOC Party secretary and CBIRC chairman, said at the 12th Lujiazui Forum in Shanghai on Thursday.
More efforts should be made to improve macroeconomic governance, and strengthen the coordination of international macro policies.
More than 50 percent of developers, particularly smaller, privately-owned ones, are finding it increasingly difficult to secure funds while the cost of financing is growing fast, up to 10 percent through trusts and up to 8 percent through bond issuance.
More scheduled train trips will be made available on the Guangzhou-Shenzhen-Hong Kong Express Rail Link in the near future if the occupancy rate is as high as 70 to 80 percent, Hong Kong's Secretary for Transport and Housing Frank Chan Fan said on Friday.