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Andrew Leung Kwan-yuen, president of the Legislative Council, said he understood and respected the decision made by the Standing Committee of the NPC, and he urged people from across the political spectrum in Hong Kong to take a pragmatic approach and work for the best interests of the community.

Analysts said that Wednesday's statement showed that maintaining a normal pace of approving share sales and restoring the capital market's fundraising function will be a key priority of the regulator, especially against the backdrop of cutting corporate debt and reducing leverage as key reform measures adopted by the central government.

Analysts, experts wonder if there's a correlation linking rare simultaneous spikes in markets

Analysts said Sino-US relations are expected to make progress while maintaining stability as the two countries have a wide range of common interests.

An opinion essay published in Politico listed five factors behind the US testing crisis.