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Commercial banks are stepping up provision of online, mobile and phone banking services through the application of financial technologies, as the novel coronavirus epidemic has stimulated huge demand for contactless financial services.

Companies from 27 provinces, autonomous region and municipalities have applied for such documents. Branches of the CCPIT also have expanded their service range from cities into counties across the country, said Zhang Hanrong, an official at CCPIT's commercial service center.

College graduates are another major group in the labor market. Education Ministry data show that 7.95 million college students graduated this year, a record for the past decade.

Compared with the aforementioned traditional tools, the new credit loan support tool, that demands no interest from the lenders, has zero capital costs, according to an analyst firm under the Industrial Bank.

Company representatives made a decleration at the Oriental Beauty Valley 2018 International Cosmetics Conference to support long-term development of the beauty industry. (Photo provided to China Daily)