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Competition in the Chinese asset management industry will be intensified by the entry of the foreign firms in the long run, said independent economist Song Qinghui. But on the other hand, domestic companies will improve their services and product quality to face the competition, which is conducive to the sustained development of the entire industry, Song said.

College graduates will no longer face restrictions in obtaining hukou - registered permanent residence - in non-first-tier cities, including provincial capitals, with the registration process for graduates to be simplified.

Coal mining companies with annual turnover over 20 million yuan (.17 million) reaped 295.93 billion yuan in profit in 2017, up 290.5 percent from a year earlier, according to the China National Coal Association (CNCA).

Companies are encouraged to use a credit-based model to evaluate the reliability of users instead of requiring them to pay guarantee deposits.

Companies on the "negative list," including cinemas, book stores, bars, gyms and restaurants, can not resume work before the epidemic ends, the official said, citing higher risks of infections there.