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Another 66 companies are preparing IPOs, while 98 companies have already listed on the National Equities Exchange and Quotations, known as the New Third Board, according to CSRC data.

Any new tax can only be levied by the law, and the existing tax regulations will either be elevated into laws or terminated before 2020, according to China's time frame and blueprint for the law-based taxation reform.

Antonio Guterres, UN secretary-general, also sent a congratulatory letter to the forum, saying China's experience in poverty relief can provide valuable lessons, and encouraged China to continue its leadership in global poverty reduction.

Anti-abortion activists and lawmakers across the country have been energized by the new conservative majority on the U.S. Supreme Court.

Ant Financial Services Group, the financial arm of Alibaba, acquired a controlling 51 percent stake in Cathay Century Insurance Co Ltd in 2016.