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By encouraging remote account openings, MYbank lured 23 billion yuan of deposits from its customers at the end of December, up from almost zero a year earlier, he said.

CCTV: Concerned about the safety of their property, some private businesspeople are reluctant to make new investments. Some are even trying to transfer their assets overseas. We have also heard complaints from private businesses about the inaction or arbitrary behaviors on the part of some government officials. Premier Li, what will your government do to resolve this problem?

By doing this, the country has encouraged innovation and used the digital economy to spur economic growth.

By the end of 2018, there were more than 249 million people age 60 or above in China, accounting for 17.9 percent of the total population, up 8.59 million from the previous year, according to the National Bureau of Statistics.

By the end of September, local and foreign currency assets of the country's banking institutions had climbed 10.5 percent year-on-year to 315.2 trillion yuan (.55 trillion), according to the China Banking and Insurance Regulatory Commission.