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China's opening-up efforts and pro-trade policies along with accelerated industrial upgrading and improved corporate vitality will provide steam for the country's trade performance this year, said Chu Shijia, director-general of the comprehensive department of the Ministry of Commerce.

China's general trade volume reached 17.64 trillion yuan last year, up 12.5 percent on a yearly basis, accounting for 57.8 percent of the country's total trade volume, up 1.4 percentage points from the same period last year.

China's currency formation mechanism and the entire financial sector can achieve coordinated development only when capital account items are basically convertible and the financial sector opens in both ways, he said.

China's insurance regulator has recently warned against fake insurance products, especially the so-called "love insurance" offered online that bets on the relationships of public figures.

China's monetary policy should be "neither too loose nor too tight," while liquidity will be kept at a reasonable and ample level, according to a statement issued after a quarterly meeting of the PBOC monetary policy committee in April.