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China's four largest banks scored high in most global systemic importance indicators, according to an S&P Global Market Intelligence report on Thursday.

China's financial openness will continue to facilitate the renminbi's market function. China has made tremendous efforts to relax restrictions on capital account transactions in the past. The most recent moves include eliminating quota ceilings for QFIIs (qualified foreign institutional investors) and QDIIs (qualified domestic institutional investors) and opening ownership for foreigners.

China's decades-long reforms and opening to the outside world represent a successful course of integration into the global economy, as the country benefits from the process of globalization.

China's official basketball association says it has decided to suspend exchanges and cooperation with the Houston Rockets following a tweet by the team's general manager in support of the so-called pro-democracy protesters in Hong Kong.

China's first road section for testing autonomous vehicles will be launched in Yizhuang, a southern suburb of Beijing.