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The Belt and Road Initiative will create new chances for the sector, Chen said.

The CBIRC also said Sunday that Hong Kong's Chiyu Banking Corporation Ltd. has been approved to set up a subsidiary bank in Shenzhen, South China's Guangdong province.

The Boao Forum for Asia in Macao launches its first seminar on 5G technology and innovation, on Nov 9, 2020. [Photo by Shadow Li/chinadaily.com.cn]

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The CSI 300 has declined 8.8 percent since the beginning of this month, and has fallen by 22.2 percent compared to the beginning of this year.

The CAEXPO will further demonstrate and tap into the economic and trade cooperation potential of China and the ASEAN, to help each other achieve their development objectives despite the tough times, he said.

The C919, China's first large passenger airplane, lands at Shanghai Pudong International Airport after its maiden flight on May 5, 2017. [Photo/Xinhua]

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The CSI 300 Green Leading Stock Index, sampled from listed companies covered by the blue-chip CSI 300 Index, measures a company's green development strategies, green supply chains, pollution discharge, energy and resources consumption, green income, as well as its negative environment behaviors.

The Belt-and-Road Initiative proposed by Chinese President Xi Jinping has brought China's railway technologies to East Africa, said Wang, adding that China will further step up the level of technology transfer and personnel training so as to lay a sound foundation for the independent operation of the SGR by Kenya in the future.

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The COVID Tracking Project, a volunteer organization launched by The Atlantic magazine, said the number of daily tests on July 3 totaled 719,000 – an all-time high – and averaged about 640,000 a day last week as new cases spiked in the South and West.

The Belt and Road Initiative, proposed by China in 2013, comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade, investment and infrastructure network connecting Asia with other parts of the world along the ancient Silk Road trade routes and beyond.