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The central government extended the same courtesy to Hong Kong and offered a universal-testing program for its 7.5 million residents. Sadly, the opportunity was turned down. Instead, a voluntary community program was instituted for two weeks and attracted only 1.7 million residents.

The central bank will make appropriate adjustments onto the benchmark rate in due time, based on the economic growth fundamentals and price levels, PBOC Vice-Governor Liu Guoqiang said on Feb 22.

The change of investment approach should have a "very positive impact on China's stock market," said Yang Delong, chief economist of Shenzhen-based Qianhai First Seafront Fund.

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The city also became home to another 50 regional headquarters of multinational companies and 20 foreign-funded research and development centers last year.

The central parity rate of the yuan strengthened 28 basis points to 6.8853 against the US dollar Tuesday, according to the China Foreign Exchange Trade System.

The central government urged megacities including Beijing, Shanghai, Guangzhou and Shenzhen to take the lead in improving the business environment, calling for moves to reduce inspections and fines on companies, and ban the charging of illegal fees.

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The chief executive said she has asked the HKSAR government's secretary for education to make a plan for school education on the Constitution, the Basic Law, National Anthem Ordinance and the national security law for Hong Kong.

The central government stepped up efforts to support entrepreneurs with the launch of a campaign by the Ministry of Human Resources and Social Security on Tuesday.

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The cities that have received feedback have responded quickly and thoroughly, according to local officials and the bosses of the companies targeted in the campaign, which is focused on the Beijing-Tianjin-Hebei region.

The circular called for efforts to actively promote international cooperation within the Belt and Road Initiative, settle business disputes in accordance with the law, and protect the legal rights and interests of concerned participants, so as to create an equal and fair environment for doing business.