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"Currently, financial risks are one of the most prominent and major type of risks in China … The country is still facing relatively huge pressure for a possible rebound in nonperforming loans, and the inventory of shadow banking activities is still fairly large, with frequent occurrence of law and regulatory violations," said Xiao Yuanqi, chief of the prudential regulation bureau of the China Banking Regulatory Commission, at a news conference on Friday.

"Compared with traditional venture capital, CVC has the advantages of a longer investment cycle and higher risk tolerance, and it can offer startups with more value-added service," he said.

"Climate change impacts like droughts, and floods are becoming more frequent and intense, leading to unsustainability of agriculture," Srinivasan Ancha, the Asian Development Bank's principal climate change specialist for Southeast Asia, said.

"China's swelling middle-income group has rising demand for domestic cleaning, home security and surveillance robots," said Luo Jun, CEO of the Asian Manufacturing Association.

"China's various licensed financial institutions had total assets under management of 100 trillion yuan at year-end 2017. The regulation prohibits unlicensed entities such as internet platforms from originating and distributing asset-management products," Zhu said.