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China's 120 trillion yuan ( trillion) asset management segment, which comprises trust funds, insurance, securities, public and private funds, and commercial banks' wealth management products or WMPs, is on the cusp of a new era of tighter regulation and balanced growth free of systemic risks.

China's GDP expanded 0.7 percent year-on-year in the first three quarters, turning positive after the negative 1.6 percent in the first half, according to the National Bureau of Statistics.

China will fulfill its commitment made at the just-concluded Boao Forum for Asia to boost opening-up through powerful measures, President Xi Jinping said on Monday.

China will equalize foreign investors' equity shares in listed and unlisted securities companies, according to the rules, which also set qualification requirements for overseas shareholders.

China's biggest air-conditioner manufacturer Gree Electric Appliances Inc is gaining popularity in the US market with its commercial products as the US heating, ventilation, and air conditioning (HVAC) industry is calling for products that use clean energy and are energy efficient.