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China's Budget Law was passed in 1994 and took effect in 1995.

China will forge ahead with all-around opening-up in the financial industry and create a fair environment for competition, ushering more global participants into banking, insurance, securities, asset management and other sectors, Vice-Premier Liu He said on Wednesday.

China's A-share market is finally going to see the first initial public offering of a firm with dual-class shares, a special equity structure used by overseas public tech firms, which received the regulatory nod last month.

China's central bank governor Yi Gang said on Tuesday that China will not rush to carry out major monetary loosening measures since economic growth remains "within reasonable range".

China's 18 pilot FTZs attracted 60.25 billion yuan (.6 billion) of foreign direct investment, accounting for 17 percent of the country's total in the first five months of this year, with less than four-thousandths of the nation's land area, according to the ministry data.