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China's banking and insurance regulator announced on Sunday it had given approval to Industrial and Commercial Bank of China Ltd, the country's largest State-owned commercial lender by assets, to establish a wealth management subsidiary.

China will open its doors wider to foreign investors as the nation looks to achieve high-quality growth, with more policies coming up in areas such as the financial, manufacturing and services sectors, officials said.

China's Foreign Ministry and National Health Commission activated their emergency response procedures overnight.

China's ambassador to Cambodia, Xiong Bo, said as of October, China was the top source of foreign investment for Cambodia, with agreed investment of .57 billion.

China will establish a State financing guarantee fund and support leading innovative enterprises in going public as part of the country's efforts to make the economy more innovative and competitive, according to the annual Government Work Report delivered by Premier Li Keqiang on Monday.