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The Cabinet's decision followed a 6.8 percent contraction in economic activity in the first quarter due to the novel coronavirus pneumonia pandemic.

The Chinese company said capital from the IPO will be used for research and development in the areas of AI and blockchain algorithms and applications, business expansion, establishing overseas offices and repaying debts.

The China-US relationship is preferably one of partners rather than adversaries, said top Chinese envoy to Washington Cui Tiankai, who also said the reunification of the two Koreas is up to the Korean people.

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The Caixin manufacturing PMI, a private survey on China's manufacturing activity, covers more than 400 small and medium-sized enterprises, whereas the country's official manufacturing PMI mainly covers more than 3,000 large and medium-sized companies, including State-owned enterprises.

The China Securities Regulatory Commission (CSRC) vetoed IPO applications from 24 companies from the start of this year to May 19, up from 18 in the January-April period, according to a CSRC statement.

The China Interbank Payment System, known as CIPS, will also help this internationalisation as it will improve the corporate payment experience and make it even easier to facilitate payments, especially within the construct of the Belt and Road economies, Cheung said.

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The Chinese government regards FTAs as a platform to further open up and hasten domestic reforms. It believes they can help the country integrate into the global economy and bolster the multilateral system.

The China Securities Regulatory Commission was granted long-arm jurisdiction to regulate illegal activities of companies issuing securities overseas when the country's security law was amended on March 1 this year, according to an anonymous insider close to CSRC.

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The Cantonese restaurant, owned by the Hong Kong luxury hospitality group Langham, was also the only one in the three-star category when the guide debuted in the Chinese mainland in September 2016.

The Chinese embassy in Laos and Jiangsu provincial authorities have sent rescue workers to help patients from a bus accident that killed 13 Chinese visitors and injured 31 others in northern Laos on Monday.