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China will also ease entry into such fields as insurance, banking, securities, fund management and futures and financial asset management, and will further simplify procedures for doing business for foreign businesses, the premier added. The foreign investment approval system will give way to negative list management, he said.

China postponed Ant's listing to better protect the interests of financial consumers and investors and sustain sound capital market development in the long run. According to relevant rules on the registration-based IPO system, a company planning a listing is required to take concrete action to improve transparency in terms of information disclosure, said an opinion piece published by the Economic Daily news app on Tuesday.

China issued four 5G licenses on June 6, which officially kicked off the 5G era. Major telecom carriers and device makers are all making their biggest push to apply and commercialize the technology.

China surpassed the Republic of Korea to become the world's second-largest importer of LNG in 2017, according to IHS Markit, a global marketing information company.

China rolled off the production line a prototype magnetic-levitation train with a designed maximum speed of 600 kilometers per hour in Qingdao on Thursday, filling the gap in travel speed between aviation and high-speed rail passenger transport in the country, according to its manufacturer.