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China's top legislature is revising the personal income tax code in a sweeping overhaul of the tax system. Specific personal income tax changes that aim to reduce taxpayer burdens and boost consumption are expected after the proposed changes receive regulatory approval.

China's securities regulator published draft rules on the issuance of CDRs on May 4, paving the way for the domestic flotation of offshore-listed companies and the launch of a cross-border link between the exchanges in Shanghai and London.

China's public transport in 36 central cities handled 3.52 billion passengers in May, recovering to 60.9 percent of the same period last year and up 10.9 percentage points from April.

China's public donations reached 90 billion yuan last year, with more than 7,500 charitable organizations nationwide, he added.

China's top legislature has warned against discrimination toward laborers from regions hard-hit by the novel coronavirus epidemic in a bid to ensure fair employment.