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The Chinese government has vowed to remove foreign ownership restrictions in the securities, fund management, futures and life insurance industries next year.

The Chinese government has adopted further opening-up policies. Do you think this will have an influence on your company as well as other foreign companies operating in China?

The China Securities Regulatory Commission said on May 8 that it had received an application from Nomura, Japan's largest securities trader, to set up a company in China with51 percent stake.

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The Chinese broker has to date been providing trading platforms and market reports to South Korea's securities brokers, and it stressed that its branch would continue to work with the local firms, rather than compete with them, after obtaining the license.

The Chinese American was recently in Shanghai to visit his alma mater, Shanghai Maritime University, and promote the Chinese version of his biography Fearless Against the Wind.

The Chinese economy has stayed on a trajectory of stable growth, and economic fundamentals will remain positive in the long run, President Xi Jinping said in a written interview with Russian media.

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The China-Russia East natural gas pipeline is expected to achieve a capacity of 28 million cubic meters per day by January, from the current 14 million cubic meters per day, to pump sufficient gas to the world's second-largest economy, it said.

The China Securities Regulatory Commission published guidelines in March for the introduction of Western-style pension target funds. From April 11, 22 Chinese asset managers had applied for 43 pension target securities investment funds.

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The Chinese A-share market dropped slightly on Tuesday, showing investors' lingering concerns over the prospects of Chinese technology and internet companies due to current US-China trade tensions.

The Central Commission for Discipline Inspection issued a one-sentence statement on its website on Monday saying the official "had seriously violated Party discipline".