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The national security legislation for the Hong Kong Special Administrative Region will not affect the various rights and freedoms of local residents as it will only target a very small number of people whose criminal acts endanger national security, a senior official said on Wednesday.

The newly added total social financing (TSF), another significant financing gauge, increased by 386 billion yuan from the same period a year ago to 1.1 trillion yuan in May.

The newly-formed Party of Hope was initially planning to field around 100 candidates nationwide in the upcoming polls, which is not enough numerically to force a change in government, as is the party's eventual aim.

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The new policy, launched by the Ministry of Finance and three other ministries, stated that qualifying IC companies or projects that have been in operation for more than 15 years and that make 28-nanometer or smaller advanced chips, will be exempt from corporate income taxes for up to 10 years.

The new trail to industrialization was initiated in a report delivered at the 16th National Congress of the Communist Party of China in 2002.

The new stadium also features items from the old national stadium, which was razed in 2015. The most prominent are two mosaictile murals featuring the Greek goddess Nike and Nomino Sukune, a legendary sumo wrestler. They are located at the Aoyama Gate entrance to the new stadium.

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The new tax term will be in effect from the beginning of 2017 to the end of 2019, the statement said.

The new proposal, based on "connect access framework", plans to include only large-cap companies that are accessible through the trading links with Hong Kong, exclude A-shares that have H-shares listings included in the MSCI China Index and remove index constituents that have been suspended for more than 50 days.

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The new governor, who joined the bank in 1997, pledged to implement prudent monetary policy, make progress on financial reform and opening-up and maintain financial stability. That will be the "most important task", and China's financial sector should remain stable, Yi said after his nomination was endorsed at a meeting of the annual session of the 13th National People's Congress.

The new cafe of Tongrentang Group, a 351-year-old TCM pharmacy, in Beijing attracts young consumers in August. The store offers coffee infused with TCM herbs as well as healthcare services. [Photo provided to China Daily]