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The report also points out Chinese undergraduates outnumber Chinese graduate students in the US. The States offers few undergraduate scholarships for international students but comparatively more for graduate schools. But Chinese families can increasingly foot the bill for undergraduate education, too.

The report clearly shows how the economic relationship accelerated after the turn of the century. China-Africa trade increased from billion in 2001 to 8 billion in 2015 - an annual average growth rate of 21 percent. Trade between Africa and China is now triple that of Africa's next biggest trade partner.

The regulator also vowed to strengthen regulation on stakeholding of the country's securities firms and to fully apply regulations on shareholders' backgrounds and capital sources.

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The remarks came after the Sha Tin Magistrates' Courts in the Hong Kong Special Administrative Region on Tuesday sentenced 21-year-old technician Law Manchung to 200 hours of community service for one count of desecrating the national flag.

The regulations will go into effect on Feb 1, 2020.

The report highlighted shared benefits, saying that the Belt and Road Initiative "is not a zero-sum game" and "is meant for mutual benefits and win-win and all-win outcomes."

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The regulatory change is among a series of actions taken to further open China's market.

The relative stability of the A-share market also benefited from sufficient liquidity in the market and the low valuations of listed companies, Li said. The market also is supported by an improving economic environment, as 98 percent of listed companies have resumed production, according to research by the CSRC.

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The report shows that companies' innovation mainly focuses on industrial manufacturing, information technology and finance sectors.

The remarks came days after a telephone conversation between State Councilor and Foreign Minister Wang Yi and Freeland.