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China and the Europe are each other's largest trading partners, Li said, and there has been cooperation as well as friction in their relations.

China Life Insurance Co Ltd, the country's largest life insurer by market share, will invest actively in international markets, seeking greater exposure to assets including overseas stock markets, real estate and infrastructure projects, a senior executive said on Thursday.

China United Property Insurance Co Ltd, the country's major insurer specializing in agricultural insurance, will build a digital agricultural insurance model along with the National Engineering and Technology Center for Information Agriculture, aiming to establish a leading insurance system for the industry.

China Science and Merchants Investment Management Group, in its 2016 annual report released on Tuesday, reported revenue of 480.6 million yuan (.7 million), a 4.8 percent increase year-on-year.

China and the EU are long-term comprehensive strategic partners, not institutional competitors, State Councilor and Foreign Minister Wang Yi said while attending the 10th China-EU High Level Strategic Dialogue on Tuesday.