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Companies involved in high-tech and strategic emerging industries that are in line with the country's strategies will be allowed to list on the ChiNext board-the submarket filled with growth companies-through reverse mergers, the China Securities Regulatory Commission said in draft rules issued on Thursday.

Conceding that the move would lead to economic loss and spread fear among the public, he reckoned it was necessary as the situation continued to worsen.

Companies gaining more credits with NEV output will be given a positive NEV score, which can be sold to other companies, while companies with negative NEV scores have to buy credits from other companies.

Co-organized by the Cyberspace Administration of China and the Zhejiang provincial government, this year's WIC will run for three days until Oct 22. It has attracted more than 1,500 guests including internet experts, scholars, government officials and technology entrepreneurs.

Compiled by a group of parties led by the Chinese Academy of Cyberspace Studies (CACS), the reports cover major areas of internet development, including information infrastructure in China and abroad, online information technology, online security, digital economy, amongst others.