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Chinese laws allow internet operators to use personal information if they inform users that their personal data are collected and receive users' permission. Kou highlighted the significance of this requirement, but said in actual practice, many enterprises collect users' information in an unregulated and excessive manner.

Chinese monetary authorities have left interest rates unchanged, despite market calls, to maintain stable lending prices before the Lunar New Year holiday and ensure ample liquidity in the interbank system.

Chinese automaker Zhejiang Geely Holding Group announced on Wednesday it will set up a joint venture with German manufacturer Daimler AG to offer ride hailing services in the world's largest auto market.

Chinese mainland online travel agent Tongcheng-eLong is expected to list on Hong Kong stock market in December to raise billion (694 million yuan) via its initial public offerings after a hearing at Hong Kong Exchanges and Clearing Ltd on Oct 25, news portal Sina said on Tuesday.

Chinese companies also invested .72 billion in 48 economies related to the Belt and Road Initiative in January and February, up 18.3 percent on a yearly basis.