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China Tower is also expanding its presence in battery storage services which will be used to power China Post's electric transportation vehicles and nationwide outlets. The duo will also jointly explore other cooperation opportunities in building a smart society.

China Huarong is one of the country's four largest State-own asset management companies.

China and the ROK have important common interests in maintaining peace and stability on the Korean Peninsula, he said.

China and the United States agreed on the text of the phase-one economic and trade agreement based on the principle of equality and mutual respect earlier this month, which was the latest progress for the two sides to settle their two-year-long trade dispute.

China Orient Asset Management is one of the country's four asset management companies set up in 1999 to deal with the toxic assets of State-owned banks in a bid to help them transform to market-oriented financial institutions.