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China's insurance market is promising growth and foreign investors are upbeat on the market, said Wang Xiangnan, secretary-general of Research Center for Insurance and Economic Development under Chinese Academy of Social Sciences.

China's digital reading market hit 25.45 billion yuan last year, up 19.6 percent year-on-year, with the number of Chinese citizens who read digital publications rising to 432 million, according to a report by the China Audio-Video and Digital Publishing Association.

China's diplomatic mission in Geneva also lashed out at the United Nations human rights office on Wednesday, accusing its spokesman of making a "wrongful statement" about protests in Hong Kong that "sends the wrong signal to the violent criminal offenders".

China's new yuan loans have reached 7.1 trillion yuan (8 billion) in the first quarter of this year, up by 1.29 trillion yuan year-on-year, the central bank reported on Friday.

China's financial risks have been slowly resolved although some risks still exist, after accumulating rapidly in the past few years, the People's Bank of China, the central bank, said in its annual financial stability report.