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The PHLPost, which runs more than 1,300 post offices nationwide, is a government-owned and controlled corporation responsible for providing postal services across the country.

The NBS data showed the growth in the revenue of major industrial firms fell to 1.4 percent year-on-year last month from 5.1 percent in April, pointing to a slower recovery in demand.

The MoU made arrangements to grant the SFC access to the draft documents of Hong Kong accounting firms auditing Hong Kong-listed companies from the mainland.

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The National Development and Reform Commission (NDRC) said it was closely watching the current pricing mechanism and would continue to improve it based on changes in both domestic and overseas markets.

The NDRC and the Ministry of Commerce will work to facilitate the application of the scheme for market entities and improve its transparency, Meng said.

The Monday market slide was mostly emotional, due to the US tariff threat, said Yang Delong, chief economist of First Seafront Fund, a Shenzhen-based private equity firm. Once the market returned to normalcy, companies with better fundamentals, such as the consumption-related companies, led the price rally. Securities firms, which are market indicators, were the most affected stocks on Monday. Once they recovered, the market also saw its bounce returning, he said.

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The National Radio and Television Administration said last week it will strengthen supervision on livestreaming during the Nov 11 campaign period to prevent misleading, exaggerated commercials or other potential cases of misconduct during these live shows.

The PBOC announced last week the introduction of a "counter-cyclical adjustment factor" to calculate the renminbi exchange rate price quotation, by increasing the weighting of macroeconomic fundamentals.

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The National Association of State and Territorial Health Organizations estimates that the country may need to hire as many as 100,000 such "disease intervention specialists" at a cost of .6 billion.

The NDRC should play its role in researching major strategies, coordinating major policies, pushing forward major projects and analyzing general trends to promote the economic and social development to deliver a good start this year, said Han.