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Beijing E-Town has been providing an entire gamut of services covering investment and development for foreign companies in the area.

Beijing said on Tuesday that it is willing to work with the Solomon Islands to develop a relationship after the Pacific island nation decided to establish diplomatic ties with China.

Because the LPR is refreshed on the 20th day of each month, the new interest rate mechanism will be more flexible, and over the long run, the LPR is likely to decrease, so financing costs may continually go down, said Zhang Xu, an analyst at Everbright Securities.

Beijing plans to launch the second phase of its sub-center construction in the northeastern Tongzhou district and build a comprehensive transportation hub, after key municipal organs moved to its new offices in the sub-center, a senior official said on Monday.

Beginning this year, the bank is implementing a new three-year development plan. Previously, it highlighted corporate banking as the main body and retail banking and financial markets business as the two wings. But in the next three years, the bank will gradually shift its business positioning from "One Body, Two Wings" to "Troika", which means striving for balanced development of corporate banking, retail banking and financial market business, said Chairperson Li Qingping.