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China's 22 percent growth in AuM elevated it to the fourth-largest global market, up from eighth place five years earlier. The partial opening-up and rapid growth of the Chinese market have created the conditions for a potential gold rush among foreign firms.

China's banking industry had surpassed that of the Eurozone and the United States three years in a row when it comes to tier-1 capital, total assets, and total pre-tax profits, according to Yuan Xiaohui, a researcher from Bank of China's Institute of International Finance.

China will strengthen efforts to achieve goals in the new round of reconstruction and upgrade of rural power grid, officials of the National Energy Administration told at a media briefing held in Beijing on Friday.

China will help export-oriented companies to set up platforms for domestic sales and encourage them to participate in the country's big-ticket investment projects to offset the shortfall in revenue from exports due to the COVID-19 epidemic and inject fresh momentum, officials said on Tuesday.

China will integrate its industrial, capital and market advantages with Russia's strengths in resources, technology and talent to deliver greater benefits to both peoples, he said.