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China will fulfill its commitment made at the just-concluded Boao Forum for Asia to boost opening-up through powerful measures, President Xi Jinping said on Monday.

China's banking regulator on Wednesday issued a notice vowing to address regulatory loopholes and urging the country's lenders to effectively control risks.

China's central bank increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.

China's banking and insurance regulator confiscated 1.16 billion yuan (4 million) from banking and insurance institutions and 28.62 million yuan from relevant practitioners in the first quarter of 2018, in an effort to rectify market disorder.

China will ensure the payments of pension fund on time and in full to nearly 300 million people, the report said.