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China also reduced 20 percent of cargo port charges and port facility security charges from March 1 to June 30, and canceled the mandatory emergency response services and charges for non-tanker cargo ships, the report said.

China Merchants Securities’ latest UK milestone comes as the London Stock Exchange continues to develop its China links, with preparations for the much-anticipated Shanghai-London Stock Connect well underway.

China Merchants Securities said its business performance were generally stable in spite of tightened liquidity levels in major economies and slower economic growth in China.

China also remains one of the best economies in the world to resolve a commercial dispute. It takes 496 days and costs 16 percent of the value of the claim, far better than the OECD high-income average of 582 days and 21 percent.

China also will work to ensure that the government plays a better role and to create better synergy between the "visible and invisible hands", Han said, adding that the country will further improve the system to foster innovation and technological progress and push the development of advanced manufacturing.