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The State Council pinpointed cross-border e-commerce as a new pillar for China's foreign trade sector as it rolled out measures to establish 46 new pilot zones to counter the blow dealt to world trade by novel coronavirus pneumonia.

The Sichuan-Tibet Railway under construction in January, 2019. [Photo/Xinhua]

The Shenzhen Component Index closed 0.09 percent lower at 13,751.09 points.

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The Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, will attract 140 to 170 new issuing with the financing amount hitting 320 billion yuan, or even surpassing 400 billion yuan by the end of 2020.

The State Administration of Foreign Exchange said on Friday that improving convertibility of the capital account would be one of the key tasks this year so as to gradually achieve free cross-border capital flows and further open the bond market.

The Supreme Court ruled that the Samsung heir offered bribes in return for illicit favors relevant to the inheritance of management control over Samsung Group from his father. Chairman Lee Kun-hee who has been hospitalized for more than five years.

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The State-owned telecommunications company China Unicom also joined the fray to set up its first and largest data center outside of the Chinese mainland in 2016.

The Sichuan government has said it will invest 11.8 billion yuan in post-quake reconstruction, of which 48 percent will be used to build infrastructure and 16 percent will go toward fixing geological hazards.

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The State Council, China's Cabinet, released plans for the new pilot zones in Beijing and in Hunan and Anhui provinces on Sept 21.

The State-owned Kweichow Moutai Co launched its iconic Moutai brand in Hamburg, Germany, to bring the fiery spirit to mainstream Europe.