The China Securities Regulatory Commission also vowed to step up a crackdown on illegal activities such as fraudulent initial public offerings, financial fraud, insider trading and market manipulation.
The ChiNext Index, which is heavy with innovative mid to small-cap companies, soared 2.42 percent to 1733.23 points and entered bullish territory, an advance of more than 20 percent from its recent low in June.
The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 18.03 percent to 24.48 in morning session on Thursday.
The China Passenger Car Association has a larger picture of the market's revival across the country.
The Central People's Government shoulders the fundamental responsibility for national security affairs related to the HKSAR, while the HKSAR bears the constitutional responsibility of safeguarding national security and shall fulfill its obligations, according to the draft.
The Chinese government will provide convenience and support for the work of the ambassadors, Xi said, adding that he hopes they will actively contribute to bilateral relations between China and their countries.
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The Cabinet also called for further study of measures designed to promote reform, stimulate development and increase employment, with a focus on encouraging entrepreneurship and innovation.
The China International Import Expo, which has been held in Shanghai for two consecutive years, should serve as an important gateway for companies in this region to explore more business opportunities in the world, according to the plan.
The China Association of Automobile Manufacturers' statistics showed the sales volume of new energy passenger vehicles has jumped 72 percent from a year ago to 578,000 units. Small-and mini-size electric cars have no need for a very long driving range like 400 km or a very large battery pack built for affluent subsidies, according to Ouyang Minggao, an academician of the Chinese Academy of Sciences.
The Chinese joint venture would be the final piece in AirAsia's expansion puzzle.