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China's capital markets drew the attention of the world despite the coronavirus pandemic this year, with foreign investors snapping up over 1 trillion yuan (3 billion) worth of stocks and bonds, according to a Monday report from Financial Times.

China's M&A activities are forecast to reach an aggregated volume of 8 billion in 2018 and 7.1 billion in 2019, considerably more than the 2017 total of 0.2 billion.

China will study and implement subsidy policies for the balance of personal income tax on overseas talents, and explore tax policy arrangements for pilot free trade accounts under the prerequisite that they do not lead to tax base erosion and profit shifting, it says.

China's biotechnology company BeiGene Ltd announced on Saturday that its anti-PD-1 antibody tislelizumab, an immunotherapy, had received approval from the China National Medical Products Administration as a treatment for patients with locally advanced or metastatic urothelial carcinoma (UC), the most common type of bladder cancer, following the therapy's initial approval in classical Hodgkin's lymphoma by the NMPA in December.

China will take more concrete steps to further its supply-side structural reform and push for high-quality development in 2018, focusing on cutting overcapacity and fostering new growth drivers in the real economy, said officials and analysts.