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China's major stock indexes closed lower for a second trading day Wednesday, with the benchmark Shanghai Composite Index down 2.08 percent at 2,723.26 points.

China's holdings of US treasuries rose for a third consecutive month in August to the highest in a year on the back of rising foreign exchange reserves and expectations that the greenback may appreciate further.

China's development corresponds with the irresistible trend of the times, and it is of crucial importance for world peace and development, he said.

China's consumer price index rose 2.5 percent in September from a year earlier, accelerating for a fourth consecutive month, with food prices jumping the most since February, according to the National Bureau of Statistics.

China's five largest State-owned commercial banks by assets are expected to take the lead, so that their overall balance of this type of loan will increase by more than 30 percent from the beginning of the year.