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As the backbone of Xi'an FTZ, the high-tech area is expected to spend 6 percent of its overall planned investment on research and development by 2020, according to a local development plan.

As the off-counter transaction rate of Chinese banks has exceeded 90 percent and financial services are highly dependent on the internet, cybersecurity needs to be highlighted, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC).

As usual, US luxury brands, which boast huge following in China, are all on board for the Chinese New Year, offering product lines and marketing campaigns that draw inspiration from China's cultural traditions and zodiac animals.

As the White House weighs banning the use of Chinese telecommunications gear over perceived national security threats, rural US carriers, many of whom have built their networks on Chinese gear, have been quietly lobbying against such a ban, according to a published report.

As we have seen in every stock market around the world, no regulatory system is perfect. But China's new securities law revision will be a big step toward ensuring that capital flows to the most productive companies in the real economy and that investors are protected.