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Chinese smartphone companies are working on flash-charging technologies in the hope of safely solving battery issues for consumers who are spending more time on their handsets.

Climate change, care for disadvantaged groups and environmental protection are the top three issues that young Chinese consumers care the most about across a broad spectrum of social issues, according to a recent survey.

Clients of 99 in some 500 cities across Brazil were also notified of the changes with a text message titled "A special day in the history of 99."

Chinese stocks edged up after the release of the data. The benchmark Shanghai Composite Index rose 0.26 percent to close at 3,158.40 points.

Christine Lagarde, managing director of the International Monetary Fund, has stressed the power of financial technology in promoting the initiative, such as mobile banking and cross-border payments based on virtual currencies.