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The report offered two clear objectives: socialist modernization basically completed by 2035, and a "great modern socialist country" built by the middle of the century.

The report cites China's efforts in promoting new-energy vehicles, an incentive that is prompting consumers to use more environment-friendly products.

The regulation, which divides coal mines into seven tiers based on production capacity, stipulates that the number of workers working in a single shift at coal mines where work safety risks are high cannot exceed 850. The limit for other coal mines is 450.

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The regulator is expected to issue a revised regulation soon on qualified foreign institutional investors, which will substantially expand their investment scope and allow them to trade in the derivatives market including financial and commodity futures and options.

The report conducted an analysis of portraits and consumption behaviors of singles, with a goal to help brands and retailers better understand the Chinese consumption market and achieve precise marketing.

The report said 78.8 percent of respondents stated they will purchase medical insurance again within the next 12 months, while 58 percent of senior executives were considering increasing their spending on such policies.

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The release added that Yau also promoted HKSAR's role as the key link in the Belt and Road Initiative, saying that HKSAR is capable of contributing to infrastructure investment as well as financing, and of providing the professional and legal services needed to connect countries along the route of the Belt and Road Initiative.

The report also noted that per capita incomes are expected to decline by 3.6 percent, which will tip millions of people into extreme poverty this year. Last week, World Bank Group President David Malpass said the pandemic is threatening to push over 60 million people into extreme poverty this year.

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The report said of the 100,000 jobs, 70,000 were newly created during H1, about one percent of new jobs in urban areas during the period.

The regulation has stipulated stricter information disclosure requirements of offering applications from the STAR-listed firms than those on other boards of China's A-share market, and tightened supervision over related illegal behaviors.