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The bourse announced on Friday night that a broad-based index comprising 50 large companies will be introduced, which will be its first benchmark index.

Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, said Zeekr, an emerging Chinese automaker owned by Geely Automobile Holdings, will be the first car brand to be powered by the company's Qilin batteries.

The tech-heavy STAR Market on the Shanghai bourse, which celebrates its three-year anniversary on Friday, has grown into a testing ground for systematic breakthroughs in the capital market and a key driver to serve the country's development in the real economy, experts said.

China's trimmed US debt holdings can help the nation gain more dollar liquidity to maintain financial stability and reduce its reliance on dollar reserves, economists and experts said on Wednesday.

China's equities are increasingly attracting international investors due to the prospect of the country's stabilizing economic growth when the capital market is overcast elsewhere.