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Li also shared Jiangsu's policies to support and encourage innovation, including the one where a team made up of top class talent in the world could be granted up to 100 million yuan (.16 million) for their project.

Leung, also the deputy director of the Basic Law Committee, said: "National security has a lot to do with other areas such as biosecurity, cybersecurity and financial security, while provisions to tackle terrorism and spying should be added. This is because Hong Kong is being exploited by the United States and its allies to attack China.

Li Linsi. [Photo/WeChat Account of Shanghai International Studies University ]

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Li Chao, vice-chairman of the China Securities Regulatory Commission, said on Sunday that the resilience of the A-share market is related to the earlier domestic reform, which effectively reduced the amount of highly leveraged investment in the market.

Leung Chun-ying, a former chief executive of Hong Kong, said the NPCSC's decision allows Hong Kong to focus on overcoming the daunting challenges posed by the coronavirus, and propels the city forward.

Lenovo started to intensify investment into smart services in 2017 and the business unit now has become a new engine for the company's growth, Liu said.

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Li Yuxiao, secretary-general of the Cybersecurity Association of China, said cooperation between governments and enterprises should be increased.

Li brought his experience and good sense of judgment into the new team. "Of the 100-plus companies covered by Newtop 100 in the past year, 35 raised funds of more than million after our coverage," he said.

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Li added that the Hong Kong business sector is confident about the transcontinental plan as it is a national-level development project that Hong Kong is closely involved in.

Li added the move will also accelerate the intelligent transformation of the mobility industry, supporting China in its transformation to become a leader in the age of smart mobility.