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China and Japan have approved the listing of exchange-traded funds (ETFs) investing in each other's stocks on their own bourses, commencing the scheme linking the two countries' securities markets.

China National Machinery Industry Corp, also known as Sinomach, will expand its business in economies related to the Belt and Road Initiative in partnership with privately run companies this year, said a top executive.

China Southern Airlines and China Eastern Airlines will lead, with flights leaving Beijing Daxing International Airport at 3:45 pm Wednesday to Guangzhou Baiyun International Airport and Shanghai Pudong International Airport, respectively, according to flight app Umetrip. An Air China flight will leave for Chengdu 15 minutes later.

China and Malaysia are friendly neighbors and important cooperation partners, said Xi in a congratulatory message.

China Development Bank, one of major policy banks in charge of shantytown development projects in China, is expected to tighten approvals for funding of shantytown renovation projects, but no restrictions have been imposed on ongoing projects, said a source with the bank, who asked not to be identified.