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China Mobile said in a statement that it will continue working with industrial partners to make more than 100 5G terminal devices for consumer and enterprise-oriented markets.

China Merchants Bank, one of the country's biggest, was fined more than 65.7 million yuan (.3 million) for 14 violations, including guaranteeing principal on some wealth management products, the regulator said in an online statement on Friday.

China and several other countries have pledged to make vaccines global public goods once their development proves successful.

China Merchants Securities is one of China's oldest and largest securities houses. It established a UK subsidiary in 2013 and, during the past few years, has helped clients to trade commodities through the London Metals Exchange and Intercontinental Exchange.

China Development Bank, one of major policy banks in charge of shantytown development projects in China, is expected to tighten approvals for funding of shantytown renovation projects, but no restrictions have been imposed on ongoing projects, said a source with the bank, who asked not to be identified.