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The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 1.84 percent to 1,697.53 points.

The China Securities Regulatory Commission released a statement late on Wednesday that said the authorities would continue to deepen listing system reform and positively promote mergers and acquisitions of listed companies. The CSRC will also further relax restrictions on foreign shareholdings in the Chinese securities sector and support inclusion of A shares in the FTSE Russell's global indexes.

The China International Robot Industry Summit, held on Tuesday in Shanghai, said the sales and growth rate of industrial robots hit records in 2017. Among industrial robots, 37,825 were domestically manufactured, up 29.8 percent year-on-year.

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The CSRC statement came after the share sale plan of China Unicom was seen to have violated existing securities rules that require a cap of 20 percent of existing shares on private placement.

The China Overseas Talent Pioneer Park development seminar is held in Beijing on March 22. [Photo provided to chinadaily.com.cn]

The CSRC will carry out research and set up an investor compensation fund to better protect investor interest.

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The China (Shanghai) Free Trade Zone will set up a service center to help companies break technical obstacles to trade with Belt and Road countries and regions, FTZ authorities said on Monday.

The Chinese fast-moving consumer goods segment has been seeing a recovery of sorts from the second quarter of the year, despite the 2-percent decline during the first half, Kantar said in a report. The sector is likely to witness positive growth in the second half as the epidemic control measures are bearing fruit. There is a strong demand for quality and sophisticated global brands in China, said Yu.

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The Chinese government has prioritized health and education in its efforts to eradicate poverty with measures such as maternal nutrition intervention, meal allowances, better dormitory and tuitions waivers for rural schools, and aligning their teaching standards with the urban ones, according to a white paper released in 2016.

The Chinese animated feature film Lotus Lantern produced by Shanghai Animation Film Studio marked a milestone in the domestic animated movies.