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Chinese car brands sold 655,000 passenger vehicles last month, growing 6.3 percent year-on-year. Their market share saw a slight increase of 0.1 percentage points to 37.3 percent in August, marking the first increase over the past five months.

Chinese people's spending during the holiday was geared towards younger consumers, diversified consumption and quality-driven shopping, according to Alibaba.

Chinese insurers have seen strong premium growth in recent months after authorities tightened regulations last year to fend off financial risks in the world's second biggest insurance market.

Chinese private equity firm GSR Capital is reportedly close to a deal to buy a battery venture owned by Nissan Motor.

Chinese companies and individuals are awaiting the unveiling of a more aggressive tax cut plan, which could be soon and aims to lower business costs and reserve more income next year.