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An online blacklist and a series of restrictions have successfully forced millions of people to comply with court rulings they had previously ignored, and the measures are contributing to the country's credit system, an official at China's top court said.

Analysts say the IPOs will help the three startups, Nio, Li Auto and Xpeng, to get a better foothold as competition in the Chinese market is heats up.

An outreach program to help the homeless on the streets expects to spend 6 million this year, including sending in 400 outreach workers, according to a spokesman for the city's Department of Homeless Services.

Analysts said stock repurchases in the A-share market could be further encouraged by quickly putting in place the revised Corporate Law along with other supportive measures such as tax reforms.

Analysts believe the prices will be propped up in the coming months as the country's electricity consumption braces for its seasonal peak.