The New Development Bank (NDB) of BRICS launched business in Shanghai on Tuesday.
Chinese shares continued to rally on Monday, with the benchmark Shanghai index jumping more than 3 percent in the afternoon trading session to regain the 4,000-point psychological mark.
Chinese stocks opened sharply lower on Wednesday, with the benchmark Shanghai Composite Index sinking 6.97 percent to open at 3,467.4.
Chinese stocks staged a strong rebound in the afternoon, with the benchmark Shanghai Composite Index rising more than 3 percent.
China stocks continued to slip on Tuesday, with the benchmark Shanghai Composite Index falling more than 3 percent shortly after the opening bell.
Parts of Shanghai and east China's Jiangsu Province have been submerged under water after heavy downpours that started on Tuesday.
"During the Second World War, the Chinese people were wonderful to us, I will never forget them! Never!" said Ruth Zimmermann, a Jewish refugee during the WWII, in a shaking voice.
China and Israel on Tuesday unveiled a plaque to commemorate a late Chinese diplomat for his humanitarian efforts on the eve of World War II, at the site of the former Chinese Consulate General in Vienna.
Chinese stocks ended down on Monday, with the number of transactions reaching an all time high after a reserve requirement ratio (RRR) cut and new short-selling measures.
Chinese stocks advanced to fresh seven-year highs on Wednesday, and combined daily turnover on the Shanghai and Shenzhen bourses set a new record at 1.55 trillion yuan (about 251 billion U.S. dollars).
An ocean theme park is under construction in Shanghai's Pudong New Area, only a 25-minute drive from the city's Disney Resort.
China will link its stock exchange in the southern Chinese city Shenzhen with Hong Kong "at an appropriate time" this year, according to the government work report delivered by Premier Li Keqiang Thursday.
China will launch Shenzhen-Hong Kong Stock Connect program on a trial basis "at an appropriate time," according to a government work report to be delivered by Premier Li Keqiang at the annual parliamentary session Thursday.
Companies in the Shanghai Free Trade Zone may now borrow overseas without prior consent from authorities, the Shanghai headquarters of the People's Bank of China said on Thursday.
One of the country's highest-profile fugitives - the former general manager of an insurance intermediary who was dubbed the "runaway beauty boss" - was given the death penalty with two years reprieve on Wednesday for illegally raising more than 1 billion yuan ($160 million).
Shanghai plans to apply for the neighborhood that sheltered Jewish refugees during WWII to be inscribed on the UNESCO Memory of the World Register.
China's cabinet announced on Thursday that some preferential policies piloted in the Shanghai free trade zone (FTZ) will be expanded nationwide.
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