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China's central bank is carrying out new measures to ban initial coin offerings and virtual currencies on Tuesday, aiming to maintain the country's financial market stability.

China's Foreign Investment Law and its supplementary regulation took effect on Jan 1, marking an official shift in the country's supervision of foreign investment from the old model of case-by-case approval to negative list management.

China will stick to a prudent monetary policy which will be eased or tightened to the right degree, while maintaining reasonably sufficient liquidity to ensure that the loan's real interest rates for small and micro firms will be lowered, according to a statement released after an executive meeting of the State Council chaired by Premier Li Keqiang.

China will formulate guidelines for building and protecting the Great Wall, the Beijing-Hangzhou Grand Canal and the Long March culture parks, said the plan, urging efforts to strengthen the management of and policy support for the construction of the parks.

China's COVID-19 vaccines, once developed and put into commercial use, will be provided to Mekong countries on a priority basis, Li said, adding that "we need to carry out information sharing and joint responses in major public health emergencies, and strengthen cooperation in early warnings on communicable diseases".