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Day Juan, an Amazon rock band formerly known as Juan Direction.

Data from NBS showed that China's per capita disposable income stood at 30,733 yuan (,478) last year, up 5.8 percent year-on-year in real terms after deducting price factors.

Daniel Houston, chairman and CEO of Principal Financial Group, said his company had signed a strategic cooperation agreement with CCB for a potential pension partnership in China and the two sides would assess what role the Iowa-based company would play.

Deborah Lehr, CEO and founding partner of US-based strategic business consulting firm Basilinna, said that as companies expand globally, they also need to be more aware of the cultural challenges ahead.

DUBAI - The growing number of Chinese banks operating in the Middle East has helped spur investments and boost the local financial services to benefit all stakeholders, said Dubai-based bankers earlier this month.