The mechanism helps improve clearing efficiency and ensure clearing security, but is not a liquidity tool, said the PBOC.
The merger is a solid move to strengthen the earning ability of the State-owned enterprise sector, many of whom have been affected by overcapacity and limited market channels, such as those in steel, shipping and construction material industries, said Zhou Lisha, a researcher at the research institute of the State-owned Assets Supervision and Administration Commission.
The massive consumption potential during the Golden Week will not only expedite the recovery of China's domestic economy, but also promote imports and investment from other countries, as the flourishing "holiday economy" gives a strong boost to global trade.
The ministry launched a campaign to crack down on such crimes last year.
The medals and honorary titles will be granted regularly, but they can also be awarded in exceptional circumstances. The president can give the Friendship Medal to foreign dignitaries and international friends during state visits or events.
The mature capital market in Hong Kong will also provide cash-starved tech firms on the Chinese mainland with various financing channels.
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The ministry has demanded local governments step up monitoring and take active measures to prevent recurrence of the disease.
The ministry said it will push for the test withdrawal of guard post soldiers and equipment from the Demilitarized Zone (DMZ), a heavily armed zone separating the two Koreas, to enforce the Panmunjom Declaration in which the leaders of the two sides agreed to stop all hostile acts and reduce tension.
The minister cited concrete numbers and facts to show why the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region is justified, as well as the positive outcome of the de-radicalization measures in Xinjiang, adding that these policy measures are widely supported by the Chinese people.
The ministry said it will see to it that newly-built residential communities are equipped with elderly care facilities and add them to older communities using methods ranging from outsourcing services to upgrading mismanaged ones.