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China's central bank raised its open market interest rate for the second time in less than four months on Thursday, in response to the US Federal Reserve's rate hike, in line with the monetary policy target supporting financial deleveraging and preventing risks.

China will introduce overseas traders to the domestic iron ore futures market at the Dalian Commodity Exchange from May 4, which is expected to help develop a widely accepted price benchmark, said a top official from the DCE.

China's State Council in 2017 unveiled a national AI development guideline, calling for developing technology, research and educational resources in AI to achieve major breakthroughs by 2025 and make China an AI innovation center by 2030.

China's A-share market rebounded for the third trading session in a row on Thursday, with the key Shanghai Composite Index rising 1.72 percent to close at 2,866.51. The market tumbled on Monday as investors factored in concerns over the spreading epidemic.

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