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The ChiNext index, which tracks the innovative, startup-heavy board in Shenzhen, rose for the eighth consecutive session by 3.99 percent to close at 2889.43 points, the highest level in more than four years and a half.

The Chinese Government has no part in stealing commercial secrets, nor do we in any way encourage or support any individual or company to do so. On the contrary, China has been opposing and cracking down on all forms of cyber theft all along.

The China Banking and Insurance Regulatory Commission and the central bank also released on Monday the drafted regulations on online small lending offered by microloan companies, for which public opinions will be solicited till Dec 2.

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The Chinese government on June 1 released a master plan for the Hainan free trade port, aiming to build the island province into a globally influential, high-level free trade port by the middle of the century.

The Chinese envoy also urged Algeria to attach greater importance to the safety of the Chinese citizens in Algeria and take strong measures to protect them.

The China Securities Regulatory Commission also vowed to step up a crackdown on illegal activities such as fraudulent initial public offerings, financial fraud, insider trading and market manipulation.

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The Chinese mainland has a much larger base of entrepreneurism than Hong Kong, Singapore or Europe, even though its venture capital system is yet to become well-developed, he noted.

The Chinese government has launched a series of measures for further reform and opening-up, such as the newly adopted Foreign Investment Law.

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The China-Europe freight train from Tangshan of China arrives at Antwerp Port, Belgium, May 12, 2018. A freight train service has been launched from a port in Tangshan of North China's Hebei province to Belgium, a further line for freight between China and Europe. [Photo/Xinhua]

The China-Europe freight train will arrive in Budapest, Hungary in about 20 days, according to Wuhan Asia-Europe Logistics.