The New York representative office's main function, Tu explained, includes conducting research on North American economy, financial market and regulation policies, strengthening cooperation with business partners, collecting project information and providing support for the headquarters.
The National People's Congress Foreign Affairs Committee said in a statement Thursday that the move seriously breached international law and basic norms and was gross interference in Hong Kong affairs, which are China's internal affairs.
The National People's Congress is willing to strengthen exchanges and cooperation with the parliaments of various countries and parliamentary organizations, and to make contributions to building a community with a shared future for mankind and creating a beautiful world, Zhang said.
The National Anthem Law of the People's Republic of China was adopted at the 29th session of the Standing Committee of the 12th National People's Congress (NPCSC) on Sept 1, 2017, and has come into force nationwide since Oct 1, 2017. On Nov 4, 2017, the NPCSC adopted the decision to add the National Anthem Law to Annex III of the Basic Law of Hong Kong.
The PBOC said that though liquidity in the banking system had declined it was still at a relatively high level.
The NPC annual session will open on March 5, according to the decision, adopted through a vote at an NPC Standing Committee session held on Monday and Tuesday.
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The National Highway Police also said that 12 national routes remain cutoff in different directions.
The PBOC is considering kicking off reform of the existing interest rate regime. The possible step is to replace the one-year benchmark leading rate with a more sensitive and market-driven rate. Experts expect the loan prime rate, or LPR, may become the next benchmark.
The National People's Congress (NPC) Decision on Establishing and Improving the Legal System and Enforcement Mechanisms for the Hong Kong Special Administrative Region to Safeguard National Security aims to safeguard national sovereignty, security and development interests, ensure Hong Kong's long-term prosperity and stability and achieve the greater success of the "one country, two systems," Ma noted.
The New Economy Forum, which opened on Thursday, is co-organized by the China Center for International Economic Exchanges (CCIEE) and Bloomberg. [Photo by Wang Zhuangfei/China Daily]