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The CSRC has approved 199 IPOs to raise no more than 100.4 billion yuan so far this year.

The Basic Law played an important role in ensuring Hong Kong's smooth return to the motherland, as well as boosting the city's development, said Wang Zhenmin, director of Center for Hong Kong and Macao Research of Tsinghua University. He addressed the seminar on behalf of Wang Hanbing, vice-chairman of the Hong Kong Basic Law Drafting Committee.

The Belt and Road Initiative has provided new growth drivers for faster development in participating countries. [Photo/IC]

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The Belt and Road Initiative is the practice of the concept, Xi said, adding the Belt and Road has become a huge cooperation platform for countries concerned to realize their common development.

The BRICS Taxation Cooperation Memorandum signed at the fifth Meeting of BRICS Heads of Tax Authorities is the bloc's first document that elevates taxation cooperation to the institutional level.

The CSRC is reportedly planning a "green channel" for the so-called unicorn companies from industries like biosciences, cloud computing, artificial intelligence and advanced manufacturing. CSRC's former chief Xiao Gang said in an interview on March 2 that helping these unicorn companies go public is an important innovation concerning the approval system for issuing new shares in China.

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The British government announced in January its new plans to safeguard the country's telecoms network, which is widely seen as approving a restricted role for Huawei in helping build the country's 5G network.

The Brazilian real extended gains following the decision and reached its strongest in two months. The benchmark Bovespa stock index rose to a session high. Investors fear that another Lula presidency would mean a return to more state-directed and less business friendly economic policies.

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

The COVID-19 epidemic has posed several challenges to China's financial sector, but the overall risks are still under control, as the banking and insurance institutions have taken some prospective measures to offset the negative impact, said the PBOC officials.