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China's National Day falls on Oct 1.

China will further relax market access, shorten the negative list and build high level opening-up platforms, especially in its pilot free trade zones, to put foreign direct investment growth and exports on a firmer footing, a senior official said on Monday.

China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.

China's bike sharing market is expected to rake in 10.3 billion yuan (.5 billion) in revenue this year, a 736-percent increase from 1.2 billion yuan in 2016, according to a report from iiMedia Research.

China's ICBC operates a 0 million startup investment fund in India, while Bank of China received Indian regulatory approval for its retail banking services last week. Given that Bank of China is expanding its India footprint, SBI, which is Indian's pre-eminent "financial conglomerate", will explore potential joint ventures with Chinese entities, he said.