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China's biggest banks are accelerating their debt-for-equity program to offload distressed debts and to help reduce high corporate leverage.

China's A-share market is scheduled to be included in the MSCI emerging markets index in June. As estimated by China International Capital Corporation Limited, it is expected to bring in a capital inflow valued between billion and billion this year.

China will enact a large number of incentives to further boost imports in order to drive domestic industrial upgrading and better meet the increasingly diversified consumption demands of people, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.

China's Ministry of Education also has reported the country's students face restrictions and increasing scrutiny while applying for visas. In June, the ministry issued an official warning to US-bound Chinese students about potential risks.

China will scale up measures to spur the growth of the digital economy in a bid to inject new impetus into the economy and foster high-quality development, said the nation's top industry regulator on Saturday.