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By the end of 2017, China's insurance industry had total assets worth 16.8 trillion yuan (.65 trillion), up 10.8 percent from the beginning of the year, according to official data.

By the end of last year, more than 500 registered institutional investors across the globe had chosen Bond Connect to access the Chinese bond market. Meanwhile, the program's functions were improved last year, with the delivery versus payment settlement being fully implemented, and pre-trade and post-trade allocations going live.

By lowering the threshold for foreign banks to start renminbi business, China will take a step forward to promote the international use of its currency, said a foreign bank executive who sought anonymity because he is not authorized to speak on record.

By leveraging diversified expertise and capabilities of different industries, Cathay Innovation has built a unique platform where start-ups and industry leaders such as Sanofi can work together to create new transformative innovations for the society.

C&U Group