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Shares of US semiconductor companies Qualcomm, Intel and Micron Technology all rose on Monday on news of the extension.

Shanghai has acquired the characteristics of the first two phases of international financial centers, with its convenience for international exchanges and improved systems and laws that meet the international standards. To adjust to the new trends of globalization, Shanghai needs to lift its supply of safe assets. Based on a stable renminbi exchange rate, it requires a further optimized financial market and business system, as well as creation of more safe assets accounted by the yuan, backed by a steady domestic economy and financial innovation.

Shadow banking, or the lending business outside the banking system, has drawn high attention from the country's top leadership. [Photo/IC]

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Shares in the industries of cement and liquor led the losses.

Shanghai's efforts to become a global tech hub started gaining steam in 2016 when it officially announced its ambition to transform itself into a science and technology center of core functions with global influence by 2030. Four major tasks, including establishing a comprehensive national science center and implementing basic projects and strategic programs, were identified as being crucial to the achievement of this goal.

Sha Zukang, a former United Nations undersecretary-general for economic and social affairs, and honorary chairman of the International Green Economy Association, made the remarks at a green economy forum during the ongoing China International Fair for Trade in Services in Beijing.

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Shanghai has gathered theater artists from across the world to offer a two-week-long fiesta on stage where the West meets the East and the traditional meets the contemporary

She added that switching schools can mean attending one that does not have a well-known program or the right degree, loss of an internship, inability to transfer class credits and a longer time to graduate.

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Shanghai-based Fosun, which owns stakes in Club Med and Cirque du Soleil, is among China's most acquisitive firms. It's also among the companies that have come under scrutiny amid a crackdown on outbound deals that the government deems "irrational." This month Fosun entered exclusive talks to acquire Italian lingerie maker La Perla and agreed to buy part of China's Tsingtao Brewery Co.

Shanghai-based CRAIC is a joint venture of COMAC and its Russian partner United Aircraft Corp (UAC).