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By the end of March, it said the group's investment assets amounted to more than one trillion yuan, up 6.3 percent from the end of 2016. Of the investment portfolio, equity investments accounted for 13.7 percent, fixed-income investments accounted for 81.7 percent, while property investments took up 0.9 percent.

CAA's had an office in Beijing for 12 years. Big stars like Lin Chi-ling and Donnie Yen, already on its lists.

By its acquisition of Dalian Huanghai Auto with 1.18 billion yuan in 2017, WM Motor got its production qualification. Its first production model, the WM EX5, has been on offer since April 20, 2018.

CAAM said consumption for automobiles released in December and fewer working days in the Spring Festival month were the reasons for the decline in both production and sales.

By the end of last month, the number of micro-credit companies in China came in at 7,797, the People's Bank of China said in an online statement.