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Buoyed by the overseas institutions' increased interest in the Chinese mainland market, the A-share market rallied on Wednesday. The Shanghai Composite Index went up 0.92 percent to close at 2806.81 points, while the Shenzhen Component Index climbed 0.8 percent to close at 8420.54 points.

British fashion and furniture retailer Laura Ashley will close 40 of its stores in the United Kingdom and expand its presence in China.

Busting benchmarks

Buoyed by several rounds of venture capital investment, major bike-sharing platforms expanded rapidly at home and abroad, offering loss-making rental prices amid the increasingly fierce competition.

Business revenue of the sector stood at 4.07 trillion yuan, edging down 4.4 percent year-on-year, narrowing 3.6 percentage points from the first half.