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China's equity market is expected to improve in the second half of this year as investor sentiment is brightening in a largely stable macroeconomic environment, said analysts.

China's disaster relief authorities have launched a level IV emergency response for the severe floods in those two provinces, sending multiple workgroups and allocating disaster relief materials including 3,000 tents, 5,000 fold-away beds and 80,000 garments and quilts.

China's major stock indices ended higher on Monday, with the benchmark Shanghai Composite Index up 2.57 percent at 2,654.8 points.

China's medicine reforms in recent years are driving Chinese companies to focus more on new drug R&D and innovation to optimize product portfolios toward medium-to-high end returns, instead of simply profiting from the production and sales of low-quality generics, he said.

China's macroeconomic leverage ratio, or the total debt-to-GDP proportion, rose slightly in the first quarter, but the overall leverage level still remained stable, Huang Xiaolong, deputy head of the Financial Stability Bureau of the People's Bank of China, the central bank, said at a media conference on Wednesday.