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The SPC also noted the timely roll-out of targeted judicial policy measures to support the development of the real economy and help micro, small and medium-sized firms tide over difficulties.

The Port of Shanghai, the world's largest port by TEU (twenty-feet equivalent unit) volume has announced it will cooperate with the Port of Ningbo, the world's largest port by cargo turnover, in the development, operation and management of the northern part of Xiao Yangshan port area, which could significantly boost the efficiency of cargo transit on the Yangtze River and lower costs.

The People's Bank of China (PBOC) conducted 20 billion yuan (about .13 billion) of seven-day reverse repos and 10 billion yuan of 28-day reverse repos, according to a PBOC statement.

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The People's Bank of China (PBOC) conducted 60 billion yuan ( billion) of seven-day reverse repos and 40 billion yuan of 14-day reverse repos, with interest rates of 2.45 percent and 2.60 percent, respectively.

The Republican National Convention, also largely virtual, takes place next week. Trump will give his acceptance speech at the White House, despite criticism he is politicizing the presidential residence.

The People's Bank of China, the central bank, is in the process of developing the digitalized legal tender, called the "digital currency and electronic payment" (DC/EP). [Photo/Sipa]

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The Peking roast duck restaurant chain Dadong recently announced the opening of Dadong Wonderland on two Royal Caribbean cruise ships - Quantum of the Seas and Ovation of the Seas.

The Russian Foreign Ministry said in a statement that it was "deeply disappointed" by Trump's decision to unilaterally refuse to carry out commitments under the JCPOA.

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The SPB estimated online retail sales to top 2.4 trillion yuan (5 billion) in the first four months of this year, up nearly 20 percent year-on-year.

The People's Bank of China (PBOC) may not raise the benchmark interest rates, but money market rates will move higher following three US rate hikes, according to the UBS report.