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China and the European Union reaffirmed their commitment to conclude a comprehensive bilateral investment agreement this year during a virtual leaders' meeting on Monday.

China and Russia are facing more opportunities to boost pragmatic cooperation, especially in infrastructure and energy, amid the two countries' ongoing efforts to align the Belt and Road Initiative with the Eurasian Economic Union, Chen Yurong said.

China allowed foreign investors to gain control of joint venture securities companies last April, and UBS AG became the first foreign bank to increase its stake to a majority 51 percent in its joint venture in China, UBS Securities Co Ltd, according to a report from wallsteetcn.com.

China aims to make the SCO more cohesive. The Shanghai spirit of mutual trust, mutual benefit and equal-footed consultation encapsulates the founding principle of the organization. China will work with other members to uphold this spirit to enhance trust and solidarity and build a more close-knit SCO community of a shared future, he noted.

China Wu Yi (Kenya) Precast Company Limited was incorporated in August last year and aims to revolutionize the real estate sector in Kenya and the wider eastern African region through adoption of precast technologies to construct houses.