The new rule will take effect April 1, 2019.
The new service-claimed to be the first of its kind in the world-tests the huge potentials of blockchain technology, allowing users of Ant Financial’s payment-by-smartphone app Alipay HK and Globe Telecom's GCash mobile wallet app to send and receive money within seconds.
The national flag was hoisted and the national anthem was played at a ceremony at the Golden Bauhinia Square in Hong Kong Island at about 8:00 am local time in celebration of the anniversary.
The new venture would have 1 billion yuan (0 million) in registered capital, the announcement said.
The new lineup of China's State Council were nominated by Premier Li Keqiang in Beijing on Monday.
The nationwide death toll from the pneumonia-causing virus has risen to a total of 1,884 people, the figures showed.
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The new product will be available on May 2.
The new appointments came days after the president appointed a 16-member cabinet after former prime minister Ranil Wickremesinghe stepped down from his post following the defeat of his presidential candidate Sajith Premadasa at the Nov. 16 presidential polls.
The national flags of China and the United States [PhotoXinhua]
The new requirement will allow overseas-listed innovative red chips with a capitalization of 20 billion yuan (around .83 billion) or above and in possession of self-developed, world-leading technologies, innovative strengths and a strong position in their industries to apply for domestic listing, said the China Securities Regulatory Commission (CSRC).