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Chinese investment in the United States in 2016 more than tripled from 2015 to billion, with Chinese companies adding 1,300 new operations, according to a report.

Chinese authorities also tightened their grip on the internet financing market to rein in financial risks. Regulators ordered a ban on Initial Coin Offerings and they shut down all virtual currency exchanges in the country. Unlicensed firms or individuals were banned from carrying out cash loan or micro lending business.

Chinese TV manufacturers have entered into a period of adjustment. Konka hired new senior management personnel. Skyworth Digital appointed Liu Tangzhi as its CEO.

Chinese banks have higher risks than insurance and securities companies, and more attention should be paid to joint-stock commercial banks, compared with the five largest State-owned banks and city and rural banks, according to Zhou.

Chinese banks need more capital as they are compelled to move onto their books and face more soured loans amid slower economic growth.