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Article 8 of the National Security Law stipulates that Hong Kong's law enforcement and judicial authorities shall fully enforce provisions of this law and of the local laws in force concerning the prevention, suppression and punishment of criminal acts.

As China further implements the Belt and Road Initiative, some large domestic payment processing companies have realized the importance of business expansion overseas. They will help promote the international use of the renminbi through the internationalization of payments services, he said.

Applauding the implementation of this year's budget, lawmakers suggested more efforts be made to pursue a proactive fiscal policy, strengthen performance-based budget management, deepen the reform of the fiscal and tax systems and forestall and defuse local government debt risks, according to the statement.

Around 160 speakers from over 100 international organizations, universities, research institutions and global think tanks from some 20 countries and regions are expected to attend.

As Beijing strives to build a more resilient economy, China will in the future open its door wider to the world. Foreign corporations are encouraged to share the opportunities China's development presents.