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The Belt and Road initiative, which embodies responsibility, win-win cooperation and genuine pursuit of common development, offers the world a Chinese approach to the challenges of today; a balanced, equitable and inclusive development model.

BEIJING, April 26 (Xinhua) -- China will keep integrating business certifications and licenses into one consolidated business license, which is to further reduce institutional costs for market entities and stimulate market vitality as part of the country's business registration reform.

It also tightened regulations by asking those who want to buy large amounts of foreign currency to specify their purpose and provide additional information.

The statement came after China's top anti-graft authority announced that Xiang Junbo, chairman of the CIRC, was being investigated for a suspected serious violation of the code of conduct of the Communist Party of China.

The central bank, the People's Bank of China (PBOC), Friday raised the interest rate for seven-day repurchase agreements, a key tool used to adjust monetary policy, and for longer 14 and 28-day repo rates.