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China responded by saying that it has done its best, and the initiators of a problem should resolve it, said Foreign Ministry spokeswoman Hua Chunying.

China welcomes foreign institutions with expertise in risk management, pension management, consumer finance, wealth management and health insurance, Huang said.

China still needs huge capital investment in the future, although it already has the world's largest stockpile of savings, and it requires a more open financial system to allocate financial resources globally, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said at the Boao Forum for Asia 2018.

China vowed all-out efforts to promote classification of household garbage nationwide. The country will invest 21.3 billion yuan (.1 billion) in the construction of garbage processing facilities to meet demand.

China pledges 500m yuan for cooperative ventures