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The association said the function will help to decrease asymmetric information between lenders and borrowers, to help investors make rational decisions and reduce default risks.

The benchmark Dow Jones industrial average of blue-chipstocks on Wednesday closed down one-tenth of one percent.

The association's report, March towards Development, Together for a Shared Future, released on Wednesday, gives reviews the impact of the 73 member organizations' corporate citizenship programs, environmental, social and governance activities.

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The billionaire entrepreneur said Tesla is about three years away from starting production in China and will not make any significant capital expenditure until 2019, Bloomberg reported on Thursday.

The batch of products dispersed in 1,006 boxes, weighing 27 tonnes, were imported from Brazil to customs in the east Chinese city of Qingdao on Aug 7. They arrived in a warehouse in Wuhan on Aug 17 and have not entered the market.

The association, Li stressed, has compiled a brochure of all types of financial fraud that it sends to elderly people around the country.

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The banking system reports a sufficient level of liquidity at present, the People's Bank of China said in a statement.

The autonomous region was founded on May 1, 1947 under the leadership of the Communist Party of China (CPC). It is one of the country's five autonomous regions, the others being Xinjiang, Tibet, Ningxia and Guangxi.

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The association warned on Friday that the initial miner offering model (IMO), a new way to issue cryptocurrency, could have potential risks. It said the model, through which the LinkToken has been offered, "is essentially an activity of fundraising, and it is a form of disguised initial coin offering (ICO)".

The average price in the South China city, which borders Hong Kong, stood at 54,492 yuan (,038) per square meter, down 0.04 percent month on month and 11.8 percent year-on-year, according to Shenzhen Municipal Planning and Land Resources Commission.