on the new science and technology innovation board, which will pilot the registration-based IPO system, according to Xinhua.
To accommodate the progress of reforms and development of the capital market, other modifications have also been made, cov
ering public issuance of securities, securities trading, and the protection of investors’ rights and interests, Xinhua said.
Dong expects the latest version to legitimize registration-based IPO systems not only
on the new board, but also across China’s whole A-share market. “Once the system achieves success on the n
ew board, it should be adopted on other submarkets as soon as possible,” Dong said.
President Xi Jinping announced in November that China will launch the S&T innovation board and pilot the registr
ation-based IPO system. Analysts expect the new board to begin trading around the middle of this year.
“The latest draft is expected to make comprehensive revisions, and it could go a long way
toward restoring public investors’ confidence and modernizing the regulation and governance of the ca
pital market,” said Liu Junhai, director of the Business Law Center at Renmin University of China.
China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).
The document, prepared by the office of the leading group for promoting the BRI, was released ahead
of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.
The Belt and Road Initiative is an initiative for peaceful
development and economic cooperation, rather than a geopolitical or military alliance, said the rep
ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”
“It neither differentiates between countries by ideology nor plays the zero-sum
game. Countries are welcome to join the initiative if they so will,” according to the report.
The BRI has turned ideas into actions and vision into reality, and i
tself into a public product widely welcomed by the international community, the report said.
ntly domestic laws do not view embryos as independent persons, yet in judicial practices their personal rights are still under protection of law as part of the pers
onal rights of their parents. If the draft amendment passes, embryos will enjoy better protection of rights in the future.
ASTANA — A bus accident in Kazakhstan has killed 11 people and injured 29 others, the Kazakh Interior Ministry said Saturday.
The accident took place on the early morning of Saturday in the Kordai district in the southe
rn Zhambyl region when a car collided with a truck on a highway and a following passenger bus ma
de a rollover in order to avoid a collision with the vehicles, according to the ministry.
“As a result of the accident, eight people were killed instantly, 32 people were taken to me
dical facilities, where another three people died from injuries,” the ministry said in a statement.
About 50 people and the rescue services, disaster management office and regional police departme
nt were involved, and medical personnel have been dispatched to the scene, the ministry said.
A pre-trial investigation was launched under the criminal code, while investigat
ors from the Interior Ministry and the police office are working to establish the circumstances of the accident.