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Mr. Guo Ce, economic and commercial counselor, Mrs. Farida Abbas, CEO of British Chamber of Commerce in Kenya, Mr. Liu Xianfa, Mr. Nick Nesbitt, Mr. Jacob De Kiahe and Vice President of Stecol Corporation Zhang Yufu (from right to left) at the unveiling of the CSR Report. [Photo by Liu Hongjie/chinadaily.com.cn]

Moutai Group, a renowned Chinese liquor maker in Guizhou, was one of the major players behind its establishment, according to the plan.

Moreover, some funds that focus on long-term investments performed well last week, which was partly reflected in the level of turnover, which touched HK6 billion last Monday, Yip noted. He suggested confidence has returned to the market - which could further boost investor sentiment.

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Most of the 13 officials, including deputy mayors of prefecture-level cities and county-level Party chiefs, were given warnings or severe warnings within the Party for failing to perform their duties to stop the illegal acquisition of land and subsequent construction projects.

Most volunteers are students from universities in Shanghai, and more than half of them were born after 2000, according to the Shanghai municipal committee of the Communist Youth League of China.

Most of the banks reported improved asset quality last year, despite the greater downward pressure. Nineteen of the 24 banks saw their NPL ratios drop on a yearly basis last year, according to their preliminary earnings estimates.

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Mountains of different elevations and splendid landscapes in the region such as Chogori-the second-highest mountain on Earth that is also considered to be one of the most dangerous for mountaineering-and the 7,500-meter-high Muztagh-Ata mountain are popular sites for climbing enthusiasts.

Most of China's provinces and autonomous regions convene their annual legislative sessions in January, when local government work reports, which cover key development plans and growth targets for that year, are released. According to reports so far released, Anhui, Hubei and Gansu provinces, Inner Mongolia and Tibet autonomous regions cut their GDP growth moderately for this year. Anhui, for example, cut it to 8 percent from 8.5 percent for last year while Hubei and Gansu all trimmed it by 0.5 percentage point. Targets of Beijing, Shanghai, Jiangxi and Hunan remained unchanged.

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Mosqueda said during a press briefing Tuesday that the legislation was developed with input from business and labor leaders, as well as social service advocates.

Moreover, he added, the law will also contribute to ensuring the transparency of market exchanges, maintaining transaction security, lowering costs and improving the business environment.