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Cities in the Yangtze River Delta including Shanghai and Hangzhou, Zhejiang province, experienced their first snow on Wednesday, brought by a strong cold front from the north.

Chinese smartphone vendor Oppo said on Thursday that it will invest another 1 billion yuan (5.7 million) to support mobile application developers in its latest push to build an open and shared mobile ecosystem.

Chinese technology firm Xiaomi has been the first unicorn to apply for CDRs. But the Beijing-based smartphone and appliance maker has sought to postpone its CDR issue. Its application was originally scheduled to be reviewed by China's securities regulator on June 19.

Citing remarks by Deng Xiaoping that "there must be a limit and standard for Hong Kong people administering Hong Kong, that is, the main body of Hong Kong people administering Hong Kong must be patriots," the spokesperson emphasized that sincere support for the Basic Law and allegiance to the HKSAR should be basic requirements and political ethics for politicians in the HKSAR.

Citi China received a license from the China Financial Futures Exchange in June to act as a futures margin depository bank for its client in the China futures market.