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China will move faster to "put in place a housing system that ensures supply through multiple sources, provides support through multiple channels, and encourages both housing purchases and rentals", according to a statement issued after the meeting.

China's central bank governor Zhou Xiaochuan said in June that opening up helped to build a strong and competitive financial sector in China, and that protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, causing poor competitiveness and hurting the industry's development.

China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company.

China's GDP grew by 6.2 percent in the first three quarters, the fastest among major economies worldwide, according to official data.

China's CPI may register a mild rise of 2.1 percent this year, up from 1.6 percent in 2017, said a research note from securities firm Nomura. "We expect CPI inflation to moderate over the next couple of months as vegetable prices normalize. We do not expect contained inflation to affect Beijing's policy agenda to stimulate domestic demand and investment."