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China will tighten regulations on financial institutions, to protect investors who are not able to recognize potential financial risks and to safeguard people's money. "Financial activities for the public, whether in the name of technology or not, should be strictly regulated," Pan said.

China's biggest domestic electric vehicle producer BYD signed an agreement with Japanese commercial vehicle manufacturer Hino Motors on Wednesday to set up a 50-50 joint venture to develop batteries for electric vehicles and electric units, in an effort to share the extensive costs of development.

China's A-share is very likely to be included into Morgan Stanley's Capital Index (MSCI) global benchmarks this year, Shanghai Securities News reported on Tuesday.

China's aviation express sector is taking off as major delivery players expand their fleets, but industry experts said it is just the beginning of the industry's full-blown development.

China will promote employment, improve its social security system, optimize income distribution structure and expand the middle-income group as part of efforts to expand domestic consumption, the meeting said Friday.