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The year 2019 will mark the 70th anniversary of diplomatic ties between China and Mongolia. Han said China will implement the consensus reached by by presidents of both countries to enhance high-level exchanges, promote cooperation and expand people-to-people relations.

"We are noticing slowing asset growth and stabilizing asset quality, as well as accelerating loan growth as banks are returning to conventional lending and away from shadow banking activities," Nicholas Zhu, Moody's vice president and senior analyst, said in a report.

The Chinese measures are legitimate and in line with multilateral trade rules, an official of the Ministry of Commerce said in a statement, asking the United States to end its restrictions that go against the WTO rules.

Hu Xiaolian, chairman of the bank, said the bank would continue to maintain reasonable and moderate growth in business in the second half of the year, while deepening reform and defusing financial risks.

In 2017, he was honored with the Lifetime Achievement Award of the prestigious Golden Rooster Awards for his contribution to the Chinese film industry.