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China has been leading the region's shift toward financing with green bonds, whose proceeds are used to fund environmentally friendly projects.
China has been ASEAN's biggest trading partner for eight years, while ASEAN has been China's third largest trading partner for six years. In the first seven months of this year, China-ASEAN trade volume increased 14.5 percent year on year, higher than China' s overall trade growth rate.
China expressed strong dissatisfaction and opposition on Monday to a meeting between United States National Security Adviser John Bolton and Taiwan's security chief Lee Ta-wei.
China has allowed small and medium-sized banks to replenish capital by issuing perpetual bonds and preferred shares. It has also allowed insurance funds to invest in tier-2 capital bonds issued by smaller banks. Despite these efforts, quite a large number of small and medium-sized banks still cannot replenish capital via market-oriented financing channels, said Zeng Gang, deputy director-general of the National Institution for Finance& Development.
China has established a mechanism for the fair allocation of donated organs, it said.