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China's carbon emissions peak would be achieved around 2025 under the oil cap pathway, meaning that China would achieve peak carbon emissions five years ahead of its 2030 Paris Agreement target.

China's banking and insurance sectors will forgo part of their profits this year to stabilize the real economy by lowering lending rates, comprehensive financing costs and insurance premiums for companies, and they will offer some free consulting services to small businesses, said Xiao Yuanqi, chief risk officer of China's top banking and insurance regulator.

China will intensify policy support to keep employment stable and safeguard people's livelihoods, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will remove policy barriers for cross-border payments and enhance financial infrastructural construction in foreign countries as part of efforts to further promote internationalization of the yuan, the vice-governor of the country's central bank said Sunday.

China will further ease outbound investment limits and allow more domestic institutional investors to purchase financial assets in the global market as part of its financial market reform and opening-up, according to an official announcement.