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The RRR will be cut further by 1 percentage point if the ratio exceeds 10 percent, according to the central bank.

The People's Bank of China (PBOC) said in a statement that it made the operations via seven-day reverse repos with an interest rate of 2.55 percent to offset the impacts from payment for new government bonds.

The Russian Foreign Ministry said in a statement Friday that Russia is open to dialogue with the United States on the Open Skies Treaty, but only if it is based on equal rights and aimed at mutual consideration of interests and concerns.

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The QFII scheme represents the country's effort to allow licensed foreign investors to invest in its capital market. The RQFII program allows institutional investors with offshore renminbi deposits to invest in its onshore market.

The Philippine Department of Health said the country had 3,660 confirmed COVID-19 cases as of Monday－the second most in Southeast Asia. The Philippines has a death toll of 163, among the highest in the region.

The People's Bank of China (PBOC) conducted 150 billion yuan (.86 billion) of seven-day reverse repos at an interest rate of 2.55 percent and 100 billion yuan of 14-day reverse repos at 2.7 percent.

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The Party Congress also proclaimed that China will open up its economy, promote cooperation in countries participating in the Belt and Road Initiative and adhere to the principles of extensive consultation, joint efforts and shared benefits.

The Roundtable survey asked members to rate the impact of the trade war on their businesses over the past year. More than half of the executives reported a somewhat or very negative impact on sales, while 40 percent of manufacturing CEOs said capital investment was affected.

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The RCEP is a regional free trade pact between 16 economies including Australia, India and the ASEAN.

The People's Bank of China (PBOC) conducted 100 billion yuan of reverse repos Monday, pumping a net 20 billion yuan into the market as 80 billion yuan of reverse repos matured.