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Chinese-branded vehicles have taken more than half of the domestic automobile market share, and 40 percent passenger vehicle market shares, Fu Bingfeng, deputy secretary general of the China Association of Automobile Manufacturers, said at the 2020 China Auto Forum on Aug 14, Xinhua reported.

Chinese shares closed mixed Friday, with the benchmark Shanghai Composite Index up 0.4 percent to close at 2,702.3 points, while the Shenzhen Component Index closing 0.02 percent lower at 8,322.36 points.

Close on the heels of the warning made by a central bank vice-governor last week, the People's Bank of China, the central bank, took decisive action on Wednesday by launching a new monetary policy tool in Hong Kong to soak up excess liquidity in the offshore markets.

Christie's Asian Art week last month in New York broke sales records, a success London is hoping to replicate.

Chinese stock market investors' confidence has risen to the highest level since January 2016, showing obvious upward momentum in August, according to a survey released on Monday.