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China has been stepping up efforts in recent years to allow foreign investors wider access into the fast-growing domestic bond market, including lifting quota restrictions and creating more investment approaches.

China currently has 26 underground gas storage facilities with a storage capacity of approximately 20 billion cubic meters as of the end of last year.

China has faced heavy capital outflow pressure in recent years, with its foreign exchange reserves falling to about trillion at the end of 2016 from nearly trillion in 2014. As the country's economic fundamentals improve and its management of cross-border capital flow has strengthened in recent months, the situation has stabilized, with foreign exchange reserves rising for five consecutive months by June.

China further simplified procedures for foreign institutions investors to bet on China's domestic capital market Thursday, a move that analysts said would boost the value of stocks and bonds.

China had fewer than 40,000 such facilities and 2.4 million beds by the end of 2010, the ministry said.