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China has just approved 14 Chinese asset managers to float pension target securities investment funds, a move to improve A-share market liquidity and offer the nation's middle-income earners more diversified pension management solutions.

China decided on March 31 to grant export quotas for refined oil products to non-State refineries in the Zhejiang pilot FTZ. Following the move, Zhejiang Petroleum & Chemical Co Ltd is believed to be the first private Chinese oil company in four years to get an official nod to export refined petroleum products.

China has pledged a more proactive and effective fiscal policy in 2017, with the fiscal deficit set at 3 percent of its GDP, or 2.38 trillion yuan, up 200 billion yuan from 2016.

China has also pledged to expand imports, a major and a more direct way to share its development opportunities with the world.

China has always valued participating in international and regional multilateral security dialogues, the ministry said in an online statement. China is communicating with relevant parties regarding the activities and schedules during the dialogue, it added.