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Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology, said the launch of the registration-based IPO system has delegated the IPO approval power to the stock exchange and allowed the market to have a greater say in new share sales. The board is also more inclusive by allowing the first-time loss-making companies and those with special shareholding structures to go public, he said.

Dozens of participating countries, with the support of China, are implementing projects under the BRI framework in the fields of construction, modernization of transport infrastructure and industrial development, he said.

Dubbed the "most beautiful lake in China," Qinghai Lake is vital in ensuring ecological security of the Qinghai-Tibet Plateau. The lake had been shrinking since the 1950s, but combined effects of conservation and the regional climate changes turned things around in 2005.

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Drawing an analogy to legendary Chinese flood control hero Dayu, who contained flooding by means of dredging rather than obstruction, President Xi said, "The capital's core functions should be preserved and strengthened, and some inappropriate functions adjusted and weakened."