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China's top legislature approved the establishment of the Shanghai Financial Court in April.

China's preschool education market reached 214.3 billion yuan in 2017, growing 9.11 percent year-on-year, said a report from qianzhan.com, an industry information provider. The market is expected to surpass 540 billion yuan by 2020, boosted by the second-child policy and the new-generation parents' emphasis on education. At the same time, the K12 (kindergarten through 12th grade) education market has also been flourishing in the nation. During the first six months of 2018, investments in China's K12 education market totaled 3.2 billion yuan. It is estimated that the online K12 education market will reach 88.4 billion yuan by 2020.

Chinese Foreign Ministry spokesperson Lu Kang made the remarks at a routine press briefing, saying China is open to all efforts that are conducive to solving the issue peacefully via political and diplomatic means.

Chinese Minister of Commerce Zhong Shan gives an interview via video link after the second plenary meeting of the third session of the 13th National People's Congress at the Great Hall of the People in Beijing, capital of China, May 25, 2020. [Photo by Wang Zhuangfei/chinadaily.com.cn]

China's securities and banking regulators have asked trust companies to reduce trading leverage and have suspended some of their structured securities investment, Chinese media reported, citing people familiar with the matter.