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China Life Insurance Co Ltd closed in the A-share market with a 0.03 percent increase on Thursday, following a 0.1 percent rise on Wednesday. The company issued the financial report of the third quarter on Thursday afternoon, claiming its net profit in the first three quarters increased 98.3 percent year-on-year, driven by strong investment returns.

China Southern Airlines, the nation's largest carrier by passenger traffic, plans to establish a wholly owned subsidiary in Xiongan New Area in Hebei province, to help the carrier to better operate its hub at the new Beijing airport, it said.

China Development Bank, a development financial institution, raised 13.5 billion yuan on Feb 6 through the issuance of one-year anti-epidemic-themed bonds at a yield of 1.65 percent.

China Economic Information Service said in a report on July 30 the credit card business would face growing pressure as new participants, including online lending platforms and mobile payment service providers, continue to join the consumer finance market.

China Merchants Securities said in a research note that if the order is strictly followed, it will negatively affect up to 6.73 percent of Apple's global sales. The calculation is based on the popularity and sales volume of each iPhone model in China.