Specifically, the draft likely will and should feature key

 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

jsLongsun.com

We believe that with the passing of time and the sy

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.

www.shlfwab.com

Television footage also showed blasts in three hotels

the Cinnamon Grand, Shangri-La and Kingsbury hotels in the capital, which occurred following the church blasts.

2 more explosions hit Sri Lanka

A Sri Lankan military spokesman has confirmed two more explosions just outsi

de the capital, hours after six nearly simultaneous blasts rocked churches and luxury hotels.

The spokesman, Brig. Atapattu, says a 7th blast occurred at a guestho

use in Dehiwala, killing at least two people. Atapattu says an 8th blast occurred in Dem

atagoda on the outskirts of Colombo. He did not have details on the Dematagoda blast.

7 suspects have been arrested

State Minister of Defense Ruwan Wijewardene says seven suspects have been arrested.

Security has been beefed up across the countr

y. Wijewardene said all necessary precautions had been taken to keep citizens safe.

“As a government all necessary action will be taken agains

t any extremist group that is operating in our country,” Wijewardene said.

www.oqvdpf.cn

rime scene officials inspect the explosion area at Shangri-La

Of the dead in the blasts, there are 35 foreigners, the police confirmed. Hospital sources

had earlier said nine foreigners were among those killed while 13 others have been injured.

Airline says flights continue despite curfew

SriLankan Airlines is telling passengers boo

ked on flights out of the country that they will be able to fly despite the curfew imposed.

The carrier says in a statement that travelers on all airlines operating out of Bandaranai

ke International Airport can access the airport by showing their tickets and passports at checkpoints.

The airline says security has been tightened at the airp

ort, and it advises passengers to arrive four hours before their scheduled flights.

Both Sri Lankan President Maithripala Sirisena and Prime Mi

nister Ranil Wickremesinghe have condemned the attacks and appealed for calm.

Prime Minister Ranil Wickremesinghe said t

he tri-forces and the police are conducting a thorough probe into the explosions.

In a special statement, the police urged the publi

c to stay indoors and not gather at the explosion sites which had been sealed off.

www.zzyosj.cn

hinese Navy to send huge fleet to take part in sea parade

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.

www.olyfwg.cn

A PLA Navy carrier battle group sails in formation. en active in

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

www.fanxgq.cn

China mulls amendment to securities lawendment to the

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the

National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technology inn

ovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to ap

proval from the China Securities Regulatory Commission before being listed.

Other revisions in the draft are made in light of new p

rogress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitte

d to the top legislature for first reading in April 2015, mainly

to meet the legislative demand of reforming the IPO system toward a registration-based one.

fanxgq.cn

Remaining poverty alleviation tasks are quite arduou

s, and government departments must make continuous efforts to ensure tasks are completed. Off

icials of poverty-stricken counties must keep a close eye on problems to ensure people can escape poverty.

The Party’s publicity work was also discussed. It’s the top political task to learn and publi

cize Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the statement said. A

ll Party committees must pay great attention to publicity work and ensure the implementation of regulations.

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of

the National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technol

ogy innovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission before being listed.

oqvdpf.cn

Taylor said the US will ultimately “pay the price for

this”, in the form of an incomplete and inaccurate understanding of China by barring scholars wh

o have great familiarity with US politics and policymaking and have the ear of Chinese officials.

Douglas H. Paal, vice-president of the Asia Program at the Carn

egie Endowment for International Peace, said it appears that the scholars who best unders

tand the US and communicate well with China’s leaders are being denied visas or threatened with denial.

“I don’t see how this is in America’s interest,” Paal said.

Some US media have mentioned that China also denies visas to

US academics, but Taylor and Paal said that has not been

their experience when applying for Chinese visas to visit China for academic exchanges.

In a news conference on Thursday, when asked if China rejected a visa application fr

om an adviser to US President Donald Trump, Foreign Ministry spokesman Lu Kang

said Chinese embassies and consulates overseas always handle visa applications according to law.

China welcomes cultural exchanges between China and the US an

d will actively promote mutual understanding between the two countries, Lu said.

shlf18.com

The country will host over 5,000 participants from mor

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.

shlfcl.com