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As the top industry regulator, the ministry will oversee Chinese telecom carriers' bidding processes, and it encourages competition, Miao said, adding that delivering quality 5G products and services is the only way for companies to increase their market share in China.

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 the Belt and Road Initiative pushes ahead, China is encouraging its agricultural firms to expand overseas and promote agricultural trade with countries and regions along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

As to how many new courts should be established and where they should be set up, she suggested the country should take the number of IP disputes a region hears a year into consideration amid further research.

As the fresh new scheme takes time to be tested, only a handful of companies will have IPOs in London and China in the short-term, according to Stanislas Beneteau, regional head of financial intermediaries and corporate clients at BNP Paribas Securities Services.