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Chinese internet giant Tencent Holdings has expanded its range of insurance offerings after an insurance agency backed by it got the necessary approval.

Chinese investment in commercial property in the United Kingdom has fallen by more than 70 percent this year, according to new data, with analysts attributing the drop to the control of capital outflows from China and uncertainty over Britain’s pending exit from the European Union.

Chinese economy will quickly return to its potential growth rate, as economic indicators will likely show significant improvement in the second quarter, Chen Yulu, a deputy governor of the country's central bank said on Sunday. As a result of earlier targeted monetary policies, the real economy continues to improve, based on payments, deposits and loan data in March, according to Chen.

Chinese internet giants and unicorns (young unlisted companies with a market value of over billion) have also become more influential globally. The report said China grabbed five spots at the ranking of world's top 10 internet listed companies in market value as of June 30. Alibaba and Tencent closely followed Google, Amazon and Facebook.

Chinese insurance company Waterdrop Inc holds its second "111" charity day in Beijing on Nov 1, 2019. [Photo/VCG]