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The RCEP is a proposed free trade agreement between ASEAN and its six FTA partners: China, Japan, South Korea, India, Australia and New Zealand. In March, the Ministry of Commerce said China will continue to advance the signing of the agreement at the end of 2020 as scheduled.

The ROK president said he appreciated China's positive role in the Korean Peninsula issue and that Seoul is willing to enhance communication with Beijing to resolve the Korean Peninsula nuclear issue in a peaceful manner.

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The SAR government notes with appreciation that the relevant parties had seriously studied the views reflected by the SAR government, considered the actual situation of Hong Kong and enhanced the draft legislation through multiple reviews under the spirit of absorbing opinions as much as possible, Lam said.

The Securities Association of China, a self-regulating organization, also announced it would promote the implementation of an aggregate asset management plan to facilitate private companies' growth.

The SAR government and community leaders praised a call by an alliance of political, social and business groups for Hong Kong society to work together to defeat COVID-19 and help put the city back on a path to prosperity and stability.

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The Panama-registered oil tanker Sanchi sank in the East China Sea on Sunday afternoon, eight days after colliding with another cargo vessel, as a subsequent oil slick continues to blaze, the Ministry of Transport said.

The People's Bank of China, the central bank, announced cuts in the reserve requirement ratio for some rural and city commercial banks by a total of 1 percentage point, split between April 15 and May 15, or 0.5 percentage point each time. That is to release about 400 billion yuan (.4 billion) into the financial sector.

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The S&P 500 may be poised for its first back-to-back weekly gains since early February. Through the market close Thursday, the S&P was up 0.35 percent and the Nasdaq Composite up 4.65 percent. But the Dow was down 0.70 percent this week on weak performance of major banks.

The Republican-led Senate approved the legislation, called the Tax Cuts and Jobs Act, by a vote of 51-49.