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The chairman of Hong Kong's rail operator MTR Corporation, Frederick Ma Si-hang, said his company "was interested in partnering with China Railway" to bid for the 350-kilometer rail project linking Kuala Lumpur and Singapore. Ma made the statement while attending the Belt and Road Forum for International Cooperation, which convened in Beijing on May 14 and 15, South China Morning Post reported.

The central bank is expected to reduce the liability costs for banks, drive loan pricing lower and underpin the real economy by taking forceful measures, said analysts led by Ma Kunpeng with SWS Research Co Ltd in a report.

The city will increase credit support for players in the areas of epidemic prevention and control and people's livelihood. Some Beijing banks have begun to offer low-cost financial support to key companies on the front lines of epidemic prevention and control, said Huo.

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The city has decided to move forward with the Guangzhou International Shopping Festival, as well as a series of promotional events, around the Mid-Autumn Festival and National Day holidays to boost consumption in the second half of the year, he said.

The center is designed to support projects related to new energy, information engineering, new materials, and environmental protection.

The city will take different measures to promote the resumption of work based on the health risks of different regions.

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The city has completed the clearance and transportation of more than 50,000 tonnes of domestic garbage and the disinfection of over 60,000 breeding grounds of overwintering mosquitoes since the COVID-19 outbreak, said Gao Xiaojun with the Beijing Municipal Health Commission, at a press conference.

The central bank will augment the national credit information system with databases set up by local governments for SMEs, said Zhu Hexin, vice-governor of the PBOC.

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The city has set up an ambitious goal to become an innovation city with global influence by 2020. The goal is to have 8,000 high-tech companies by 2020 and the production value of high-tech products will account for 50 percent of the production value of large companies in the city.

The city's mayor, Bill de Blasio, was out of town campaigning in Iowa for the Democratic presidential nomination. He hurriedly returned on Sunday morning.