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China's asset management segment is set to expand fivefold to trillion by 2030, beating growth in other markets and benefitting local money managers, according to a report last week by Casey Quirk, a global consultancy services provider on asset management from the Deloitte stable.

China's 31 provinces, autonomous regions and municipalities confirmed they would increase their pensions and promised payment, Economic View reported on Wednesday.

China's Shenzhen Stock Exchange (SZSE) plans to become a leading capital formation center by offering diversified financial products and necessary capital market infrastructure.

China's GDP growth is forecasted to achieve 2 percent this year, mainly boosted by government spending and strong exports, and growth is expected to be 7.9 percent in 2021, the World Bank reported on Tuesday.

China will continue to support African countries to the best of its ability, he said.