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China will allow subsidiaries of qualified mainland-listed firms to go public on the A-share market as independent entities, catering to needs of listed firms with diverse business scopes, the country's top securities regulator said on Friday.

China ranks second globally in terms of new economy development,said a report issued by the Chinese Academy of Social Sciences on Dec 17.

China should further come up with a technical standard and system for the natural gas hydrate exploration while enhancing its independent research and development capacity, he said.

China is very happy to see the MSCI index inclusion of A-shares, Xinhua reported, citing an official statement from Chinese securities authority.

China is willing to "lend a hand" to the Philippines in its fight against terrorism and will continue to provide necessary help as required, Foreign Minister Wang Yi said on Thursday, a day after Beijing offered Manila urgent military assistance.