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Commercial banks are accelerating efforts to adjust their wealth management products or WMP business according to new regulatory requirements, as China is stepping up control over financial risks.

Commercial cars, including buses and trucks, also reported a decent sales performance. In March, 488,000 vehicles were sold, a 5.8 percent rise from the same month last year. That brought sales in the first quarter to 1.08 million units, up nearly 4.1 percent year-on-year. Of these, bus sales were 97,000 units, up 2 percent from the same period last year and truck sales stood at 985,000 units, a 4.3 percent growth year-on-year.

Companies in crude oil, petrochemical and steel industries saw sharp profit increases, the ministry said.

Commitment to free trade

Coming in third was Chinese crime drama The Wild Goose Lake. The film pocketed about 7.65 million yuan on Wednesday.