Skip to Content Facebook Feature Image

China to further deepen reform, advance Chinese modernization: officials

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      China to further deepen reform, advance Chinese modernization: officials

      2024-07-19 21:35 Last Updated At:22:47

      Officials who attended the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) have vowed to work hard for deepening reform and advancing Chinese modernization.

      The plenary session, held in Beijing from Monday to Thursday, emphasized that amidst complex international and domestic circumstances, a new round of scientific and technological revolution, industrial transformation, and evolving public expectations, the CPC must consciously prioritize reform more prominently. This entails comprehensive deepening of reforms closely aligned with advancing Chinese modernization.

      To achieve the goal, a resolution on further deepening reform comprehensively to advance Chinese modernization was adopted at the session.

      "General Secretary Xi Jinping stressed that comprehensive deepening of reform should be driven by reform of the economic system. The resolution adopted by the third plenary session of the 20th Central Committee of the CPC involves reforms in the fields of economy, politics, culture, society, ecological civilization, and Party building, fully embodying the concept of systemic change and a pragmatic approach. We should accelerate the construction of a high-standard socialist market economy through deepened reforms, providing a strong guarantee for advancing China's modernization," said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs.

      "Our country has relied on reform to achieve historic achievements and realize historic transformations. Under the leadership of President Xi, reforms in our country have made steady and sustained progress in socialist modernization. Through integrated reforms in education, science and technology, and the talent system, we have paved a new path for constructing our country's comprehensive innovation system," said Shen Xiaoming, secretary of the CPC Hunan Provincial Committee.

      Promoting Chinese modernization is a new task. The plenary session closely focused on promoting Chinese modernization and implementing the strategic deployment of 20th CPC National Congress on further comprehensively deepening reform.

      The attendees agreed that China will undoubtedly make steady progress in further comprehensively deepening reforms and achieving Chinese modernization.

      "The CPC Central Committee with Comrade Xi Jinping at its core attaches great importance to social work. The Social Work Department of the Communist Party of China Central Committee came into being amidst reform efforts. We will implement the resolution adopted by the third plenary session of the 20th Central Committee of the CPC in the spirit of reform and innovation, work hard to provide better services and unite the masses, work hard to guide community-level governance through Party building and expand the Party's appeal and cohesive influence in emerging fields. Through our high-quality social work, we aim to contribute to further comprehensive deepening of reform and promote Chinese modernization," said Wu Hansheng, head of the Social Work Department of the Communist Party of China Central Committee.

      "The resolution adopted by the third plenary session of the 20th Central Committee of the CPC will undoubtedly provide strong momentum and institutional guarantee for Chinese modernization. Shaanxi will fully implement President Xi's important instructions, pursuing deep integration of scientific and technological innovation and industrial innovation through reforms. We aim to build Shaanxi a significant hub for western opening-up, revitalize China's rich traditional culture, cultivate a modern cultural tourism industry, and vigorously promote high-quality development. These efforts will continually enhance the people's sense of gain with reforms and aim to forge a new chapter in Chinese modernization," said Zhao Yide, secretary of the CPC Shaanxi Provincial Committee.

      China to further deepen reform, advance Chinese modernization: officials

      China to further deepen reform, advance Chinese modernization: officials

      Next Article

      Hong Kong’s stock market sees surge in new listings and fundraising in Q1

      2025-04-04 14:51 Last Updated At:15:07

      Hong Kong’s stock market saw a sharp rise in both the number of newly listed companies and the total funds raised in the first quarter of the year, the latest data from the Hong Kong Exchanges and Clearing Limited (HKEX) showed.

      The number of newly listed companies on the HKEX reached 16 in the first quarter, up 33 percent year on year, mainly covering such sectors as consumer goods, new energy vehicles, and medical and health care.

      The funds raised by the listed companies on the HKEX also saw a significant increase. IPO fundraising in the first quarter reached about 18.214 billion Hong Kong dollars (2.34 billion U.S. dollars), surging 281 percent compared to the same period of last year.

      "In the first quarter, Hong Kong's stock market saw rapid growth in the number of new IPOs and the funds raised, placing it among the global leaders. Companies in sectors such as consumer goods, new energy, and artificial intelligence have increasingly chosen to list on the Hong Kong exchange. This surge makes more investors to feel confident in the future growth of Hong Kong-listed companies and recognize the market's investment potential. The trend will further solidify Hong Kong's status as an international financial center," said Wang Kai, chief strategy analyst at Guosen Securities.

      At the same time, an increasing number of listed companies on Chinese mainland’s A-share market are exploring dual listings in Hong Kong, aiming to expand their global presence and attract international investors.

      Among the 16 newly listed companies in Hong Kong during the first quarter, one was already listed on the A-share market. Additionally, 33 more listed companies on the A-share market have announced plans to list on the HKEX this year. Many other such companies have chosen the global financial hub as the listing destination for their subsidiaries.

      "Recently, more listed companies on the A-share market have shown the intention for dual listings in Hong Kong. Many of them are leaders in promising sectors. Listing in Hong Kong will help them accelerate their global expansion and tap into international markets. The dual listing will also enable them to leverage resources from both markets, facilitating easier fundraising and faster growth. Meanwhile, more international investors can get the opportunities to invest in and benefit from China's economic growth," said Yang Chao, chief strategy analyst at China Galaxy Securities.

      Hong Kong’s stock market sees surge in new listings and fundraising in Q1

      Hong Kong’s stock market sees surge in new listings and fundraising in Q1

      Recommended Articles
      Hot · Posts