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As for business tax reform, the framework will reduce corporate tax rate to 20 percent from currently 35 percent. Pass-through businesses, such as sole proprietorships, partnerships and corporations will see their tax rate down to 25 percent.

As an important component of supply-side structural reform, new infrastructure, which covers seven areas including 5G, extra-high voltage and the internet of things, will help attract more foreign investment and enhance China's development capabilities, Wei said.

As a young man Chen was inspired by a United States' documentary showing Jane Goodall's research into African wild gorillas. "It fascinated me and made me yearn for a lifestyle of pure research into nature and a report about the development of the Sanya Ocean Experimental Station attracted me to this dreamland of Hainan after graduation from Zhejiang Ocean University in Zhoushan in 1986," said Chen.

As a subsidiary of TV marker TCL Corp, Shenzhen-based CSOT said nearly 1.16 million square meters of AMOLED smartphone panels will be produced annually after the project goes into full production, which will satisfy about 5 percent of the total global demand of the AMOLED smartphone panel industry.

As escalating Sino-US trade tensions weigh on global equity markets, newly listed companies are in for a bumpy ride in Hong Kong, Chen said.