Bach said Tokyo was 'the best-prepared Olympic city,' in remarks at the start of a three-day virtual IOC session.
Peng could be seen in the stands wearing a black knit hat with the Olympic rings on them and a black coat with the Chinese flag.
India yet to make formal bid for hosting World Athletics Championships in 2027
Brisbane had been the preferred host, chosen in February, and the board's proposal now goes to the IOC session before the Tokyo Olympics
The Opening Ceremony of the 2028 Summer Games in Los Angeles will be held on July 14 and the Games will conclude on July 30, games organizer LA28 announced on Monday.
'This also weighed on us, it weighed on me. But in order to arrive at this day today we had to give confidence, had to show a way out of this crisis'.
'The IOC is fully committed to the successful and safe delivery of the Olympic and Paralympic Games.'
Games likely to open in July 2021 according to Japanese media
Olympic high jump champion Dick Fosbury, who revolutionised the event with a radically different jumping technique that was eventually named after him, died on Sunday aged 76.
World Athletics chief Sebastian Coe said earlier this month he believes athletes should have the right to make gestures of political protest during the Games, contrary to official IOC policy.
Chen Ning, director general of Beijing 2022's Culture and Ceremonies Department, said that the slogan was a commitment towards overcoming global challenges as a community with a shared future for mankind.
'This is a milestone in our development and sends a clear signal. We want to put special focus on solidarity.'
Presidents can serve two terms -- a first term of eight years and a second of four if re-elected.
International Olympic Committee (IOC) chief Thomas Bach says the Tokyo Games would have to be scrapped if the event cannot be held next year due to the COVID-19 crisis. In March, the IOC and Japanese government took the unprecedented decision to delay the Games, which had been due to start in July, for a year due to the novel coronavirus outbreak.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
International Olympic Committee president Thomas Bach said on Tuesday that athletes would not be forced to get COVID-19 vaccinations ahead of the Tokyo Olympics, but he said they should as a "demonstration of solidarity" with the Japanese.
The IOC chief said that holding events without spectators was clearly something the IOC did not want.
Ukraine on mission to ban Russia from Paris Olympics
'Risk for the other residents of Olympic village and risk for the Japanese people is zero'
Nita Ambani, the chairperson at Reliance Foundation and International Olympic Committee (IOC) member from India, hosted a gala dinner in honour of Thomas Bach, IOC president.
Bach's two-day visit to Tokyo is likely to bolster Japan's efforts to stage the Olympics, but will do little to assuage the concerns of a public deeply worried about the spread of the virus.
Japanese Prime Minister Shinzo Abe said for the first time on Monday that the Tokyo Olympic Games may need to be postponed if the event cannot be held in its 'complete form' due to the coronavirus pandemic. Abe said that while cancelling the Games was not an option, a delay was now on the cards if that was the only way to hold the event in its complete form.
An independent report last week said the IWF was plagued by decades of corruption orchestrated by autocratic former president Tamas Ajan.
The International Olympic Committee is "fully committed" to holding the Tokyo Olympics on schedule despite the coronavirus outbreak, IOC president Thomas Bach told Japanese media in a conference call on Thursday.
Medals will be presented on a tray to the athletes on the podium and they then have to hang them around their own neck in front of the empty stands.
IOC hate the idea of a boycott of the biggest money-spinner in world sport.
Tokyo 2020 organisers will hold meetings with the Japanese government and local Tokyo Metropolitan Government in September to work through various scenarios.
Paris Games organisers have said they want to deliver a programme that is in keeping with the times and will attract a new and younger audience.
'Olympics postponement costs not discussed'
'Our task is to organise Olympic Games and not to cancel Olympic Games. This is why we are working day and night to organise safe Olympic Games.'
The International Olympic Committee and the Japanese government agreed last month to postpone the Games because of the global coronavirus outbreak. The costs of rearranging the Games and who will pay them have yet to be clarified by either the IOC or the Japanese government.
Members of the Israeli Olympic team were taken hostage on September 5, 1972 at the athletes' village by Palestinians from the Black September group.
IOC chief said he believed more than 80 per cent of residents of the Olympic Village would be vaccinated or booked for vaccination ahead of the Games
Jim Thorpe will now go down as the sole winner of the decathlon and pentathlon at the 1912 Stockholm Games, 110 years after the American was stripped of his medals for infringing amateur rules at the time.
He also thanked Abe for his leadership in bringing the Olympic Games back to Japan after the Tokyo 1964 Games. His engagement was crucial, IOC President Thomas Bach said.
'We wholeheartedly support Simone's decision and applaud her bravery in prioritising her well-being.'
'As to the breakdown...I also understand that the IOC has stated it is too soon and too early to tell.'
Bach warns athletes against 'political demonstrations' on podiums
Reactions to collapse of Denmark midfielder Christian Eriksen
The need for new and innovative thinking around testing should become a priority to strengthen the fight against doping in sport, the new International Olympic Committee (IOC) president Thomas Bach said on Wednesday as he compared drug cheating to terrorism.