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China's A-share market will be negatively influenced in the short term by the trade war initiated by the United States, but economic fundamentals will determine its performance in the medium and long term, according to experts.

China will never seek hegemony in the international community and it will always stand by the common interests of all countries, he said, adding that "those who always try to label China 'hegemonic' are the ones who are hanging on to hegemony".

China's Anti-Phishing Alliance promised on Sunday to further intensify its anti-phishing campaign and to more effectively protect cybersecurity, as it handled a large number of cyber threats in the past decade.

China's central bank raised the yuan's official central parity rate to 6.6102 per US dollar on Wednesday, the strongest level since mid-August 2016. Analysts, however, expect that the currency will not continue to rise as strongly in the coming months if the dollar rebounds.

China's bureau for regulating monopolies has fined three leading internet companies for failing to declare past acquisitions under the country's recently drafted anti-monopoly laws.