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China launched the Shanghai Financial Court, the country’s first court specializing in handling finance-related cases. Two international commercial courts were set up by the Supreme People’s Court.

China will continue to foster stable growth, push supply-side reform, resolve major financial risks, properly deal with local government debt and promote a healthy development of the property market, Yang, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, said at a news conference.

China reported faster-than-expected 6.9 percent GDP growth in the first half of the year, setting the country on course to comfortably meet its 2017 target of about 6.5 percent.

China is working on transforming its IPO approval system into one based on registration, which will allow the bourses to take over IPO approvals and clear the backlog of waiting companies.

China is willing to dovetail its Belt and Road Initiative with the African Union's 2063 Agenda, the United Nations' 2030 Agenda for Sustainable Development and the development strategies of African countries to help African countries strengthen connectivity, enhance their development capabilities, and promote peace through inclusive development.