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China's financial regulators have pledged to give priority to supervision innovation including better on-site surveillance and the use of big data to improve efficiency.

China's foreign trade, including imports and exports, has witnessed rapid growth since the beginning of the year, and the boom could continue through the second half, said Liang Ming, director of the institute of international trade at the Chinese Academy of International Trade and Economic Cooperation, an institution affiliated with the Ministry of Commerce in Beijing, People's Daily reported.

China's financial institutions had issued 6.3 billion bank cards by the end of March, up 10.7 percent year on year. The number of credit cards stood at 490 million, according to the report.

China's large fiscal and foreign exchange reserves and the government's measures to stem financial risks have been crucial to maintaining the stable sovereign rating, according to Moody's.

China's high-end manufacturing investment has enjoyed a sound development momentum this year, with investment in high-tech manufacturing and technological transformation becoming the primary drivers of growth in manufacturing investment, said the country's top economic regulator.