The central bank will also study the possibilities of introducing more flexible supervision models and management mechanism for financial policies, which will in the long run help to build Lingang into a model of financial opening-up and innovation, he said.
The central government's decision to enable greater participation from entrepreneurs on policymaking will help stabilize market expectations and bolster the private sector, analysts said.
The center is based at three of the country's best children's hospitals in Beijing and Shanghai.
The ceremony, with Vice-Premier Liu Yandong presenting the awards, also marked the opening of the 24th Beijing International Book Fair, in which some 1,000 book events will be held from Wednesday to Sunday.
The ceremony is expected to be attended by about 100 guests. Yonhap news agency reported that Armida Alisjahbana, executive secretary of the United Nations' Economic and Social Commission for Asia and the Pacific, will join the event, along with top railway and road officials from China, Russia and Mongolia.
The chips have been downsized to their smallest size at 28 nanometers, down from the previous 0.35 micrometers, and the cheapest are priced at only 6 yuan (The charges against Gu constituted one of the highest profile cases of its kind. Forbes magazine ranked him as China's 20th richest man in 2001..9) each, said Ran Chengqi, a BeiDou spokesperson, at a press conference Wednesday.
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The central bank will innovate and take advantage of structural monetary policy tools, such as targeted cuts of reserve requirement ratio, medium-term lending facility and re-lending, to increase credit support on micro, small and private companies, as well as manufacturing producers.
The changes will only come into effect at the next election, and so will not apply to Moon personally.
The change in policy allowing those over 70 to take driving tests, in effect since Oct 22, has been welcomed by the elderly.
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