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At the present time, the financial sector cannot meet the demand of enterprises in the new economy, pointed out Ba Shusong, chief economist of the China Banking Association.

At the end of June, the Hangzhou-based bank's such loans surpassed 620 billion yuan (.7 billion), up 10.42 percent from the beginning of 2020, and accounted for 63.54 percent of the bank's total outstanding loans to firms, the bank's president Xu Renyan said at a press conference in Beijing.

At present, Chinese transportation giant Didi Chuxing occupies more than 90 percent of the market with more than 500 million users.

At the top of the central bank's task list is promoting interest rate reform, which would unify the diverse capital pricing systems into one, to be determined by market demand and supply.

At the first stage, the vehicle would be offered to Chinese customers and Groupe PSA overseas markets, the statement said.