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As China stepped up financial supervision to rein in systemic risks, regulators of futures market also made efforts to correct irregularities.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.36 percent while Japan's Nikkei index closed down 2.55 percent.

As China deployed effective measures against the coronavirus, public trust in the government rose to 95 percent, with citizens' responses to a survey putting the country at the top of the 11 countries covered. The survey was conducted by US-based Edelman Intelligence in April.

As China prepares to soon unveil a three-year action plan for the reform of its State-owned enterprises to further focus on mixed-ownership reform and reorganization, industry experts said the move will aid the government's efforts to steer the economy toward innovation and technology-driven high-quality growth.

As AI is increasingly used in supermarkets, smartphones and other scenarios, some believed that AI algorithms have become very easy now, but the fact is that the supply is far from enough, Yin said.