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China's benchmark Shanghai Composite Index closed 0.08 percent higher at 3,395.91 points Wednesday. It has gained 9.4 percent this year.

China's AI industry market was valued at about .5 billion in 2017, with the growth rate expected to reach 75 percent in 2018, according to a Tsinghua University's China's AI Development Report 2018.

China will strengthen supervision of intermediaries in private financing, enhance crackdown efforts against fraudulent advertisements and improve the legal system to guard against illegal financing, said Yang.

China will further boost the service outsourcing industry and step up digital transformation in key sectors such as cloud computing and software, said a guideline issued by the Ministry of Commerce and seven other ministries and commissions on Tuesday.

China's Belt and Road Initiative will continue to be an important force in facilitating the development of information and communications technology across the world, a top United Nations official has said.