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"China's artwork market develops fast. It is no exaggeration to say that insurance for fine arts is in high demand."

"China's steady banking and insurance sector is serving the real economy more efficiently and effectively," said CBIRC spokesperson Xiao Yuanqi.

"China's capital market will continue to open to the world in breadth and depth," said Fang.

"Companies' willingness to issue debentures is stronger now as liquidity is fairly ample, which has driven financing costs down," said Su Li, chief bond analyst with Beijing-based Golden Credit Rating International.

"China's fixed asset investment will see steady growth in 2019. It will continue to be the primary driver of the building materials industry. The continued advancement of the supply-side structural reform will help optimize the industrial structure and provide new impetus for its development," the ministry said in a recent report.