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China will encourage one-stop financing and investment services for medium and small enterprises to expand their funding channels, and enhance credit support for enterprises in science and technology, according to a guideline of the State Council.

China will step up oversight of fintech sector by establishing regulatory regimes at local levels and bringing supervision on par with the fast-growing industry to rein in financial risks, said experts consulting the nation's top financial regulators.

China's GDP growth reached a higher-than-expected 6.4 percent year-on-year in the first quarter, unchanged from the fourth quarter of 2018, indicating that the world's second-largest economy has at least for now stabilized. Some analysts said there may be a tightening of monetary policy after there are signs of economic stabilization.

China's centrally-administered State-owned enterprises will be characterized by integrity and social responsibility as they participate in high-quality projects of the Belt and Road Initiative, a senior regulator said on Saturday.

China will support the development of homestay accomodation in the countryside and will regard it as an important factor in the transformation and upgrading of the country’s rural tourism, according to a rural tourism (homestay) works conference held Sunday in Chengdu, Southwest China’s Sichuan province, Xinhua reported.