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The ChiNext Index, China's NASDAQ-style board of growth enterprises, lowered 1.14 percent on Monday, at 1,588.37 points.

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.

The Chinese mainland's existing commercial banking system is largely divided into four categories — five large State-owned commercial banks (SOCBs), 12 joint-stock commercial banks (JSCBs), hundreds of city commercial banks (CCBs), and thousands of rural commercial banks (RCBs).

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The Chinese government has long been committed to eradicating poverty in China, promoting engagement of China's youth in rural affairs, and encouraging urban workers to return to rural provinces to help foster their economic development.

The CSRC's statement came just days after China held a tone-setting meeting on environmental protection, which aims for a fundamental improvement in the quality of the environment, and basically building a Beautiful China by 2035.

The Chinese "have an edge, of course, in economy of scale and strong financial institutions such as Bank of China and the Export-Import Bank of China. It makes it easy to do business with them compared with other traditional partners," Tuju says.

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The Canton Fair has been held every spring and autumn in Guangzhou, capital of southern China's Guangdong province, since its founding in 1957, and is seen as a barometer of China's foreign trade.

The Caixin China General Services Purchasing Managers' Index surged to 55 in May, the highest level since late 2010 and up from 44.4 in April, according to a report released by media group Caixin on Wednesday.

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The Cheonan sunk in 2010. Of the 104 soldiers onboard, 46 were killed. Seoul said the corvette was sunk by torpedoes fired by the DPRK, a charge repeatedly denied by Pyongyang.

The Canton Fair－held twice a year and known as the China Import and Export Fair－concluded on Friday in Guangdong's provincial capital of Guangzhou with reported total transactions at the spring fair increasing by 6.9 percent year-on-year to 206.357 billion yuan ( billion).