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Chinese authorities handed out penalties totaling more than 9.1 billion yuan (.32 billion) to Changchun Changsheng Life Sciences Limited for the illegal production of a human rabies vaccine in October.

Chinese brokerage firms, investment funds and other financial institutions are expected to use these services.

Chinese property-to-entertainment conglomerate Wanda Group signed a strategic partnership with US leading hospital UPMC on Sunday to jointly build international hospitals, as part of the company's deeper dive into the country's burgeoning healthcare sector.

Chinese delegates also reminded participants that despite the PLA's constantly improving capabilities in the past decades, it has never taken advantage of its strength to stir up trouble outside the country's borders, he added.

Chinese leading education company TAL Education Group recently announced move to establish a global consultative committee as the company aims to improve technology and education through attracting more global talents.