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The commerce chief pointed out that Hong Kong is an international metropolis; the special administra-tion region would never impose trade barriers with a "bully mental-ity". Yau said that although cities such as London and New York are regarded as Hong Kong's competi-tors, he believed there is ample room for fruitful cooperation among the cities.

The commission announced nine measures to further open the capital markets in June, and now six of them have taken effect, Li said－they include relaxing foreign access to fund custodian services, expanding trials of the H-share full circulation program to the whole market and giving foreign capital wider access to mainland-listed futures.

The company added that information communications technology, or ICT, has become a cornerstone of modern society and the main driver behind sustainable social, economic, and environmental development.

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The comments came after employees of SMIC Shanghai received Huawei smartphones last week with "Powered by SMIC" printed on the back.

The collaboration mode in remote healthcare services should be further promoted in Hong Kong, so the city can be well prepared for the next crisis, or for the sake of a more efficient healthcare system in an aging society, he remarked.

The companies' devotion to the revolutionary technologies was shored up by Chinese consumers' enthusiasm, as well as the government's positive attitude.

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The company expects to continue to grow its international business in Asia, Europe and Australia to up to 25 percent of its total revenue by 2020.

The commerce secretary's remarks came a day after the Trump White House pressured China following US President Donald Trump's fresh tariff threat by issuing a policy document detailing what it alleged "China's economic aggression" threatening US technologies and intellectual property.

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The company has also agreed to supply Argentina with two nuclear power reactors, and one of them will use Hualong One and start construction in 2020, bringing CNNC's overseas nuclear power units up to eight.

The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.