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As well as attracting tech firms, the STAR Market is performing a role spearheading registration-based reforms such as those relating to market-oriented share pricing, market data show.

As to the low figure in registration, 57.3 percent of the respondents said it was due to traditional beliefs and psychological factors.

As per the website, Walmart operates a number of formats and banners in China, including hypermarket, Sam's Club and Walmart supermarket. Walmart operates over 400 retail units covering more than 180 cities nationwide, as well as running some 20 distribution centers. Walmart has served seven billion people times since entering China.

As the US dollar is still facing depreciation pressure, Sheng said the COVID-19 epidemic recovery offers an opportunity to accelerate yuan internationalization as several foreign investors are searching for financial products with steady value to avoid foreign exchange fluctuations. China, one of the countries that has controlled the pandemic at an early stage, has shown resilience in its economic recovery and the same will help strengthen its currency, he said.

As this year's host country, Chile had done much work to prepare for the meeting, he said.