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Meanwhile, 21 of the firms posted declines, with prices falling below the offer prices. Four firms saw losses of more than 20 percent on their debut, with some even triggering the circuit breakers after sharp declines, a phenomenon that has been rare for newly-listed shares on Chinese bourses.

Meanwhile, short-term speculation will only be encouraged if listed companies do not pay out dividends, which will result in intense market volatility and big risks. Therefore, punishment should be set for companies that have not paid any dividends for years.

Meanwhile, lending to small and micro businesses climbed 9.79 percent year-on-year to hit 6.77 trillion yuan, and loans to registered impoverished households soared nearly 30 percent to 324.8 billion yuan, the report showed.

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May, who is stepping down after failing to cut a deal to lead the country out of the European Union, has said she still has full confidence in Darroch. She stressed that while it was the ambassador's job to provide "an honest and unvarnished view" of the US administration, she was not necessarily required to agree with everything he wrote.

Meanwhile, a huge number of renminbi-funded infrastructure projects in the region related to the Belt and Road Initiative have been lined up in Asia and the Middle East, something that will also boost demand for renminbi, the survey concluded.

McKinsey & Company gave a similar estimate in April, saying that 49 percent of Chinese consumers think autonomous driving is very important, a higher figure than the 16 percent in Germany and the US.

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Meanwhile, he repeated that the special counsel was "totally conflicted," claiming Mueller wanted to be tapped to lead the FBI again during the Trump administration. Mueller served as FBI director under the Bush and Obama administrations.

Meanwhile, Pakistani Foreign Minister Shah Mahmood Qureshi accused India of committing "grave aggression", saying his country had the right to give an appropriate response.

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Meanwhile, the US Bureau of Labor Statistics reported Friday that US employers cut a staggering 20.5 million jobs in April, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 percent.

Meanwhile, roaming charges for internet traffic between the mainland and the Hong Kong and Macao special administrative regions will be cut by 30 percent, and a "floor-price" rate will be set for low-income and elderly populations.