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China will undertake reforms in a systematic manner to ensure the smooth implementation of the registration-based system across the entire capital market, the country's top securities regulator said on Thursday.

China will strengthen supervision of intermediaries in private financing, enhance crackdown efforts against fraudulent advertisements and improve the legal system to guard against illegal financing, said Yang.

China will take necessary measures, in response to foreign exchange market fluctuations, including using a strengthened risk management system, said Pan.

China's State Flood Control and Drought Relief Headquarters also lifted the emergency response to Level II later Sunday, following its last upgrade from Level IV to Level III on Tuesday.

China will work with the African Union in developing the China-Africa cooperation plan, and China will encourage its domestic companies to participate in infrastructure construction in Africa, he said.