The central government announced its decision to set up the new regulatory body at the National Financial Work Conference in mid-July.
The central government will not give in to the challenges to the "one country, two systems" principle by foreign forces and separatists at home, nor will the central government give up on "one country, two systems" because of the current unrest in Hong Kong, he added.
The city, capital of Guangdong province, is the southern gateway to the country and should also study and explore a new employment guarantee system for the city's foreigners, indicating those who invite and employ foreigners must take all responsibility for them, a senior legislator said.
The chance to get a new license plate registered in Beijing is becoming tougher every month, with the possibility of securing the license falling to 1 in 2,031, a record low, according to bjhjyd.gov.cn on Monday.
The central bank will guide small and medium-sized banks to offer loans to small businesses at favorable rates through the implementation of incentivized assessment policies, Liu said at a news conference on April 3.
The city's economy faces unprecedented challenges. The government's latest forecasts predict the economy will shrink by 4 to 7 percent this year, much worse than the 0.5 to 1.5 percent contraction forecast in February.
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The central government stepped up efforts to support entrepreneurs with the launch of a campaign by the Ministry of Human Resources and Social Security on Tuesday.
The city has also cultivated business connections with more than 210 countries and regions. And according to Yiwu customs, 1.08 million TEUs of goods were exported from Yiwu in 2018, up 15.9 percent, accounting for one-seventh of the containers leaving the Ningbo-Zhoushan Port in Ningbo, another city in Zhejiang province.
The city’s famous sightseeing spots, such as Hongya Cave, Guo Tai Arts Center and the Liberation Monument, have become a background for their street dance.
The central parity rate of the Chinese yuan strengthened 218 basis points to 6.6033 against the US dollar Thursday, according to the China Foreign Exchange Trade System.