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China developed a draft e-commerce law in 2016 and the draft will be deliberated by the national legislature for the third time in June.

China has gained sound momentum in the electronic information industry in the second quarter despite challenges brought by the COVID-19 outbreak, as the country sought to bolster industrial chain in the electronics battlefield for stable development, the nation's top industry regulator said at the ongoing China Information Technology Expo in Shenzhen on Friday.

China has been keen that overseas listed Chinese firms, especially tech majors such as Tencent Holdings Ltd, Alibaba Group Holding Ltd, Baidu Inc, JD and NetEase Inc, should not ignore the domestic A-share market. The introduction of CDRs was seen as a way to link such companies and local investors.

China has adopted a de facto separate financial regulatory regime, with regulators focusing on supervision in their own fields. However, this has been criticized as being responsible for the country's worsening shadow banking problem in recent years.

China attaches great importance to China-Indonesia relations and is willing to work with Indonesia to fully implement important consensus of their top leaders, Liu said.