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China is working on transforming its IPO approval system into one based on registration, which will allow the bourses to take over IPO approvals and clear the backlog of waiting companies.

China is very happy to see the MSCI index inclusion of A-shares, Xinhua reported, citing an official statement from Chinese securities authority.

China started its reform and opening-up four decades ago. Since then, the Chinese people have worked hard with unity and perseverance and written a great success story in the development of the Chinese nation. China has grown into the world's second largest economy, the largest industrial manufacturer, the largest trader of goods, and the holder of the largest foreign exchange reserves. China now contributes over 30 percent of global growth, and has lifted more than 700 million people out of poverty by the UN standard. Now, China is deepening reform across the board and opening itself wider, and our effort in reform and opening-up will never stop.

China will continue exercising its sovereign rights and safeguarding its territorial sovereignty in accordance with historical border agreements, the spokeswoman said, adding that Chinese border troops have continued patrolling and defending Donglang.

China will adjust import tariffs for a range of products, including frozen pork, starting from Jan 1, 2020, to promote high-quality trade development.