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’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p
ercent year-on-year in March, the National Bureau of Statistics (NBS) said Thursday.
The increase was up from 1.5 percent in February.
Food prices climbed 4.1 percent year-on-year in March, up from 0.7 perc
ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.
Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 perce
nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.
The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year-on-year in March.
On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati
onwide as outbreaks of African swine fever were gradually contained, according to the NBS.
insk and covering an area of 91.5 square kilometers, is the first special economic area in Bela
rus and the largest intergovernmental cooperation project between China and Belarus.
The industrial park is stepping up efforts to attract more global investors, with 43 companies registered by the end of February.
Among the 43 companies, 26 are from China, 10 from Belarus, and seven from other countries, like the United States and Ru
ssia. The companies have signed agreements to make total investments of more than $1 billion in the park.
The China-funded Djibouti International Free Trade Zone, which started construction in January 2017, opened on July 5, 2018.
Covering an area of 48.2 sq km, the zone is operated by a join
t venture with investment by Chinese enterprises, including China Merchan
ts Holdings and Dalian Port Corp Ltd, as well as the Djibouti Ports and Free Zone Authority.
More than 20 enterprises from the commerce, logistic, processing sectors have signed letters of intent to re
gister with the FTZ, as infrastructure in the first phase of the FTZ, which covers an area of 6 sq km, has been basically completed.
The FTZ is expected to become a crucial junction linking other African countries involved in the Belt and Road Initiative, and
make Djibouti, the small northeast African country, a marine logistics hub linking Africa, Asia and Europe.
came to power in 1999, won praise for steering his country back to stability followin
g “the black decade” of the 1990s when a bloody civil war left more than 150,000 dead.
Bouteflika won a third term in 2009 — despite ongoing health problems — in a landslide victory which opposition can
didates labeled a “charade.” Algerian lawmakers, loyal to the president, paved the way for Bouteflika to run again by cha
nging the country’s constitution which previously capped presidential limits at two terms.
Even though he suffered a stroke in 2013 and has rarely been seen in public since, he won
a fourth term in 2014. However, as another election looms, popular disillusionment has spiraled ove
r the undemocratic rule of le pouvoir, or the power, as the establishment clique propping up Bouteflika is known.
While there were some smaller protests against his election in 2014, enough is finally eno
ugh for Algerians, according to Dalia Ghanem, an Algerian resident scholar at the Carnegie Middle East Center.