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As China's economy is transforming from a phase of rapid development to a new stage of high-quality growth, consumption is playing an increasingly important role amid the pressure of an economic growth downturn.

Approved by the China Securities Regulatory Commission (CSRC) early this month, the new options trading on the Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange, respectively, doubled the amount of options listed on the country's three commodity exchanges.

As China upgrades its industrial sector and seeks new growth drivers, foreign investors are expected to get a slice of a bigger cake.

As Chinese corporates adopted a go-global strategy to exploit growth opportunities presented by the Belt and Road Initiative, they felt an acute need to deploy domestic human resources to execute and oversee overseas projects.

As China aims to advance its Healthy China 2030 initiative and explores how to approach the transition from a model focused on disease treatment to one more aligned with a vision for holistic healthcare, the biopharmaceutical industry can play an important and supportive role, he said, adding scientific innovation brings about better prediction of disease risks, and the biopharmaceutical industry is driving toward preventing diseases with innovative new medicines.