reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot
ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.
China must promote the healthy development of the capital m
arket through key institutional innovations, the Political Bureau of the Communist Part
y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.
Dong said the revised law is likely to be adopted by the end of the first half of the ye
ar, adding it is imperative and possible to expedite rolling out the revised version.
“Previously, controversies over the registration-based IPO system reform ha
ve prolonged the revision process, but now this factor has been largely lifted,” he said.
“As foreign investors are set to play a bigger role in China’s capital
market development, the revised law should also consider clarifying the rights and oblig
ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p
nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.
“The Belt and Road will become a road of peace, prosperity, opening up, green development, innovatio
n, connected civilizations, and clean government. It wi
ll make economic globalization become more open, inclusive, balanced and beneficial to all.”
China will improve its oversight of human related scientific research and medic
al tests under draft laws and amendments submitted to China’s top legislature for review on Saturday.
Medical and scientific research related to human genes and embryos mi
ght present risks to health or violate ethics, and they must be strictly regulated therefore, said She
n Chunyao, senior legislator of the Constitution and Law Committee of the National People’s Congress.
A new item has been added to the country’s draft civil law, requiring that all
medical and scientific research related to human genes and embryos must f
ollow strict rules, laws and regulations, and should not pose a threat to people’s health or violate moral or ethical codes.
Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer
ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber
ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap
ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy
will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in t
he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shan
dong province, becoming the first foreign warship to arri
ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from
Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo
siums, public tours of ships, military music performances and other cultural exchanges.
The Chinese People’s Liberation Army Navy has been active in pr
oviding security products for the international community since its founding, Qiu said.
The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th
an 60 joint military drills with foreign navies over the 70 years, according to Qiu.
Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor
t over 6,600 vessels, more than a half of which were foreign merchant ships, he added.
Since 2010, the naval hospital ship Peace Ark has traveled to 43 countries and regions and provided free medical servi
ces to over 230,000 people, Qiu said.Under the current IPO system, new shares are subject to approval from t
than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.