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As the first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi's IPO price is on the low end of the expected range — HK to HK — it had earlier set, which makes its initial aim of raising billion, as earlier reported unmet. The valuation of the company after listing will be far below 0 billion, CNBC reported.

As put forward at the Belt and Road Forum for International Cooperation in 2017, the first CIIE, themed "New Era, Shared Future", was held from Nov 5 to 10 last year, and attracted more than 3,600 companies and attendees from 172 countries, regions and international organizations.

As the central government will release its three-year action plan for State-owned enterprises (2020-22) soon to enhance the nation's efforts to steer the economy toward innovation and technology-driven high-quality growth, the official said that for the next stage, the SASAC will create a sound environment for reform so that businesses of all kinds of ownership can realize integrated and common development.

As the spread of the virus has been basically contained, China's improving economic fundamentals and the trend of upward momentum in the long term have not changed, the NBS noted.

As the leading force in China, the CPC is expected to continue to make huge contributions to China's economic growth, social prosperity and people's welfare.