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President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen
ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.
Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen
tral Committee and director of the State Council Information Office, made the announcement at a press conference.
Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu
re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.
More than 2,000 government officials and representatives of various circles from 47 Asia
n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.
A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.
when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.
Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji
an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.
The operators of the sites hit by fire will be responsible for the dam
age, said the heritage administration. “Electrical faults and loose supervision over the use of fire
during renovation are the main reasons” for the damage, the administration’s statement said.
Though the fire at Notre Dame is under investigation, Frenc
h officials said they suspect its source might have been related to restoration work on the cathedral.
ing, and the two witnessed the signing of four cooperative documents to pr
omote cooperation in tax issues, agriculture, finance and science at a signing cer
emony. A joint declaration on climate change was also released after their meeting.
Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern
will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.
China has been a key trade partner with New Zealand, which could also provide important s
upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.
A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.
This year’s Government Work Report, which was released las
t month, said the rate bracket of 16 percent in manufacturing and other industries will
are available,” Huang said. How soon the first company will go public on the new board depe
nds on different factors, including the preparatory progress of the companies and their investment banks, he added.
Enterprises qualified and willing to go public on the n
ew board are mainly concentrated in such areas as information technology, biomedicine, high
-end manufacturing and new materials, Huang said, adding that the bourse has done lots of research on them.
“They feature relatively high research and development expenditures, and rather good growth prospects.”
Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Scien
ce and Technology, expects that both the detailed rules and the list of the first companies involved are likely to come out in March.
“China is pushing the new board forward at full speed, which can foster innovatio
n-oriented growth through inclusive listing rules and offset this year’s economic headwinds,” Dong said.
Yi said the new board aims to better serve innovation-orie
nted enterprises and will serve as a prelude to capital market reforms of a broader scope.
The commission will carefully evaluate the effect of various reform and innovation m
easures on the new board. Based on that, fine-tuning measures for ChiNext and the National Equities Exc
hange and Quotations system can be advanced in a coordinated way, Yi stressed.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.