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The CBS, valued at 5 billion yuan (4 million), are open to primary dealers for bidding at a fixed rate at 0.1 percent, the central bank said in a statement.

The Baima project, the last of a cascade of hydropower stations on the section of the Wujiang River in Chongqing, has gotten the green light from the National Development and Reform Commission, China's state planning agency, the Chongqing Municipal Commission of Development and Reform said Monday.

The Beijing-Zhangjiakou line has a designed speed of 350 kilometers per hour－it was tested at up to 385 km/h－and the feeder Chongli Railway line will reach 250 km/h, according to China Railway.

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The CPC's "Two Centenary Goals" are not only significant for the rejuvenation of the Chinese nation, but also important for the whole world to achieve common development, analysts said.

The CIRC encouraged insurers to serve major national projects with controllable risks and help fund these projects with innovative approaches.

The COVID-19 pandemic has hit Hong Kong's economy, while the so-called sanctions imposed by the United States on Hong Kong have dealt an additional heavy blow, she said.

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The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will effectively boost market demand of perpetual bonds.

The CNTA expects more than 14 billion trips will be made by 2040, which equates to every Chinese travelling at least nine times within the year. "Travel will be a part of the people's everyday lives," said the CNTA.

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The Belt and Road Initiative, referring to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, was first proposed by President Xi in 2013 to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond.

The Beijing hotline number is 4000681221.