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China will forge ahead with all-around opening-up in the financial industry and create a fair environment for competition, ushering more global participants into banking, insurance, securities, asset management and other sectors, Vice-Premier Liu He said on Wednesday.

China will hold a national mourning Saturday for martyrs who died in the fight against the COVID-19 outbreak and compatriots who died of the disease, according to the State Council.

China's central bank, the People's Bank of China, announced a cut in the reserve requirement ratio by 1 percentage point on Friday, freeing up 6 billion capital for lending.

China will likely intensify monetary easing and adopt more pro-growth measures to stabilize growth and prevent a dramatic economic slowdown as policymakers have sent strong loosening signals at several key meetings, analysts said.

China's A-share market has recovered a bit since the beginning of this year following corrections last year, with the benchmark Shanghai Composite Index up 2.5 percent as of the closing on Tuesday from the first trading day of 2019.