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The Shenzhen-based company said it will focus on consumer electronics, new retail and automobile sectors in the next few years.

The Suzhou Chinese Orchestra performs during the “Charm of Chinese Music Concert” in Portland, Oregon, on Friday. The concert was part of the 30th anniversary celebration of the establishment of the Portland-Suzhou Sister City Association. LINDA DENG / CHINA DAILY

The State-backed Tsinghua Holdings, the technology investment arm of China's Tsinghua University and the largest university-owned enterprise in the world, initiated the plan and gave it the name Trans-X Innovation Eco, or "TIE" for short.

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The Supreme People's Procuratorate and the Ministry of Public Security said on Monday they have dispatched a joint team to East China's Shandong province to supervise the investigation of a high-profile case in which a former executive is suspected of sexually assaulting his "adopted" teenage daughter.

The State Council also warned local authorities against taking any measures that may increase the burden on small and micro enterprises, including forcing them to pay social security contributions on arrearage, money that should have been paid earlier.

The Summit could serve as a bridge between Chinese and British governments and businesses to dovetail their development strategies and bring their complementary strengths together, so as to achieve more fruitful outcomes.

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The Shanghai Spirit is rooted in the proposition of unity and harmony. It transcends out-dated concepts such as clashes between civilizations, cold-war mentality and zero-sum games, and provides a new perspective and new solution for addressing common challenges in the world.

The State Taxation Administration, the country's tax authority, launched a system that facilitated e-filing of different stamp duty taxes. Additionally, China implemented a series of measures in the past two years, which simplified corporate income tax, labor taxes, value-added tax declarations, and e-delivery of invoices.

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The Shanghai Stock Exchange released draft rules for the board about one week after the plan was approved, and has finished public opinion solicitation for the regulations aiming to help firms sidestep complex IPO hurdles and access easier funding.

The Shanghai Composite Index edged up 0.64 percent to close at 3100.86 points, while the Shenzhen Composite Index advanced 1.12 percent to 10458.62 points.