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China will have more power to fight corruption and conduct international cooperation on criminal cases after two related laws were adopted by the country's top legislature on Friday.

China will help export-oriented companies to set up platforms for domestic sales and encourage them to participate in the country's big-ticket investment projects to offset the shortfall in revenue from exports due to the COVID-19 epidemic and inject fresh momentum, officials said on Tuesday.

China's National People's Congress drew up Hong Kong's Basic Law in accordance with the country's Constitution. That is why one country comes before two systems, not the other way around.

China's blue-chip CSI300 index had risen 22.2 percent to 3,678.39 points from the start of this year to Wednesday, and Morgan Stanley has raised this year's target for the index to 4,300 points.

China's State-owned companies reported steady profit growth in the first half of the year, totaling 1.41 trillion yuan (8.9 billion), up 24.3 percent year-on-year, according to the Ministry of Finance.