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The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 0.9 percent to close at 2,785.62 points Thursday.

The Cabinet also vowed to boost investment from private businesses and SMEs, saying that businesses will be incentivized to increase investment in technology upgrades and improve productivity.

The China Securities Regulatory Commission approved 14 Chinese mainland asset managers to float pension target securities investment funds on Aug 6, a move that industry insiders said would help to improve A-share market liquidity and offer more diversified retirement plans.

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The China Securities Regulatory Commission announced on Friday a number of draft revisions on the refinancing rules for companies listed on the main boards in Shanghai and Shenzhen as well as the startup board ChiNext and the science and technology innovation board, which is also known as the STAR Market.

The China-US trade imbalance cannot and will not last in the long run, and the trade teams of the two nations are negotiating it, Cui said.

The Child Welfare League Foundation (CWLF) published a report Monday, showing that of the children it surveyed, 37.7 percent have used mobile dating applications to get to know strangers.

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The China-UK Friendship Garden, which is also known as Xu Zhimo Garden, memorializes the late Chinese poet Xu Zhimo, who was an associate member of King's College for 18 months in 1921-22.

The Chinese economy grew faster than expected in the second quarter with rebalancing efforts showing visible progress. A sound and stable macro-economic outlook has created room for regulators to intervene.

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The Chinese economy has maintained its steady growth momentum in the first quarter of this year, as major economic indicators pointed to stronger domestic demand and good coordination between the growth of the industrial and service sectors, according to a statement released after a meeting of the Political Bureau of the CPC Central Committee.

The China Clean Energy Fund will be managed through a third party, DWS Group, which specializes in sustainable investments and will also invest in the fund, the California-based company added.