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Securitization is the process of transforming illiquid assets, including outstanding loans and receivables, into securities, which frees up idle assets in the banking system.

Shares of biotech companies that are H-shares in STAR market-listed A+H companies will be included in southbound trading.

Amid increasing instability and uncertainty, the contemporary world calls for more responsibilities of major countries, Xi pointed out.

China completed its 2020 climate action targets two years ahead of schedule, enjoys the second largest carbon trading market in the world, and more than half of the world's electric car market, and contributed to a quarter of the increase in the global green leaf area since 2000.

Hua's remarks came after a U.S. official accused China of violating its obligation to impose international sanctions on the Democratic People's Republic of Korea (DPRK).