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China and Germany also need to work together to oppose a "new Cold War", take concrete actions to maintain smooth operation of the global supply chain and reject "decoupling" and deglobalization, Wang said.

China and Israel have also become increasingly important cooperation partners in the innovation sector. China has a huge in market and is a leading manufacturer, while Israel is one of the leading nations in innovation. Chinese IT giants, such as Alibaba, Baidu and Tencent, have already made investment in Israel to conduct the research and development.

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 Restaurant Insider CEO Qin Chao, host of the summit, said it is a golden age for catering.

China CITIC Bank Corp Ltd also devoted a larger part of its credit resources to retail banking. During the first six months of this year, the Beijing-based national joint-stock commercial lender recorded incremental loans worth 213.17 billion yuan, of which 82 percent were personal loans. Retail banking accounted for 31 percent of its operating income during the period, up from 25 percent a year ago.