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China's top securities regulator on Friday denied media reports about the suspension of the stock trading connect between Shanghai and London.

China's top anti-graft authority earlier this month announced that Xiang Junbo, chairman of the CIRC, was being investigated on suspicion of a serious violation of the code of conduct of the Communist Party of China.

China's top legislature is revising the personal income tax code in a sweeping overhaul of the tax system. Specific personal income tax changes that aim to reduce taxpayer burdens and boost consumption are expected after the proposed changes receive regulatory approval.

China, he added, hopes that other parties with an interest in the Korean Peninsula will join the push by China and Russia for talks, take up their respective responsibilities and place the issue on the right track of dialogue and consultation toward a negotiated settlement as soon as possible.

China's plan to issue interim 5G licenses in 2019 will accelerate the maturity of the whole telecom value chain and expedite the commercial use of the superfast technology, but also reflects the financial pressure on telecom carriers which have not yet recouped their gigantic investments in 4G network construction, experts said.